Question

12) The cost of an article is 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.​

Answer 1

Question -:

The cost of an article is Rs 15,500. Rs. 450 were spent on its repairs. If it is sold

The cost of an article is Rs 15,500. Rs. 450 were spent on its repairs. If it is soldfor a profit of 15%, find the selling price of the article.

let's try to solve the question

we have

• cost of article =₹15,500
• and ₹450 were spent on its repair
• so total cost = ₹15,500 +₹ 450= ₹ 15,950

Now

The article was sold @ 15% profit

$\dashrightarrow \: 15\% \: of \: 15950$

$\dashrightarrow \: \frac{given \: quantity \: \times \: rate \: of \: percent}{100}$

$\dashrightarrow \: \frac{15950 \: \times 15}{100}$

$\dashrightarrow \frac{239250}{100}$

$\dashrightarrow \: 2392$

Now selling price of article = cost price + profit

i .e

15950 + 2392 = ₹18342

Hope this will help you ..

Thank you ..

Answer 2

Given,

• cost price of an article = 15500

• money spent on repairs = 450

• profit percentage = 15%

Now,

total cost price will be cost price of article + money spent on repairs.

total cost price (cp) = cost price of article + money spent on repairs

= 1550 + 450

= 15950

Now,

profit percentage = profit / cp × 100

15 = profit / 15950 × 100

15 × 15950 / 100 = profit

23925 / 10 = profit

profit = 2392.5

Now,

profit = sp - cp

2392.5 = sp - 15950

2392.5 + 15950 = sp

18342.5 = sp

selling price of the article = rs 18,342.50