Question

If the cost of an article is 15500 and 450 is its repair cost then if it was sold at profit of 15% then what is the selling price of an article

Answer 1

total cost price of the article=15,500+450=Rs15,950
profit%=15%

sp of the article =(100+profit%)/100×cp
(100+15)/100×15950
115/100×15950
=Rs18342.5

Answer 2

cost = 15500
overhead expenses = 450
C.P = 15950

profit % = 15%

selling price = [( 100 + gain % ) / 100 ] * C.P
                     = [( 100 + 15 ) /100 ] * 15950
                     = 115/ 100 * 15950
                     = 18,342.5