Question

Cost of an article was Rs 12,500, if Rs 300 spent on its repair and if it sold for a profit of 10% . Find the selling price of the article​

Answer 1

Solution :

The cost price of the article is Rs. 12,500 .

Rs. 300 was spent on its repair , which counts as an overhead price .

Now, the total expense on the article -

> Rs. 15,500 .

Now, the article was sold at a profit of 10%.

Therefore , selling price -

> 110% of 15,500

> 110/100 × 15500

> 110 × 155

> 17050.

Answer - The selling price of the article is Rs. 17050 .

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Additional Information -

$\boxed{\begin{minipage}{5cm}\bigstar \:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. = \sf \bigg\lgroup\dfrac{100 + Profit \%}{100}\bigg\rgroup \times 100 \\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = \sf \dfrac{S.P. \times 100}{100 + Profit \%} \\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = \sf \dfrac{Profit \% \times C.P.}{100} \\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \: \sf Profit \% = \dfrac{Profit}{C.P.} \times 100 \end{minipage}}$

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Answer 2

Answer:

$\huge{\underline{\textsf{\textbf{~~~~~~Answer}}}}$

GIVEN :-

Cost of an article = 12,500

overhead expenses = 300

Profit = 10%

Profit= S.P – C.P

Profit%= $\frac{profit}{C.P}$ ×100

Total CP = Cost price+ Overhead expenses(repairs)

Total CP = 12500 + 300 = ₹12800

Total CP=₹12800

Profit = CP x % profit

Profit = 10% of CP

• Profit= $\frac{10}{100}$ ×12800

= ₹ 1280

Profit = ₹1280

• Selling price = Cost Price + Profit

SP= 12500+ 1280

SP= ₹13780

Hence,the selling price of the article = ₹13780