Quantitative Aptitude Profit and Loss Successive Selling

A shopkeeper bought 16 articles at the rate of Rs.50 and sold 12 articles at the rate of Rs. 2x, if the profit percentage obtained during this transaction is 13.33% then find the value of x?

1
24.5
2
23.25
3
20.5
4
21.25
5
18.75

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