A shopkeeper buys 80 articles for Rs 2,400 and sells them for a profit of 16%. Find the selling price of one article.

Explanation

To find the selling price of one article, we will follow these steps:

### Step 1: Find the Cost Price (CP) of one article
The total cost price of 80 articles is given as Rs 2400. To find the cost price of one article, we divide the total cost price by the number of articles.

\[ \text{Cost Price of one article} = \frac{\text{Total Cost Price}}{\text{Number of articles}} = \frac{2400}{80} = 30 \]
...