Question

1) The cost of an article was Rs 15,500. Rs 450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.Plzz answer fast and by step by step instructions​

Answer 1

Cost price = Rs. 15,500

Price spent on repairs = Rs 450

Then, Actual price of article = Rs 15,500 - Rs 450 = Rs. 15,050

Profit percentage = 15%

then, Profit Gained = 15% of 15050 = 15/100(15050) = 2,257.5

( as profit gained is on actual price)

Therefore, selling price = Profit + Actual price = 17,307.5

Therefore, the selling price of the article is Rs. 17,307.5.