In 2016 the price of an article was rupees 10000 if its prices increased by 25% in 2017 and find the price of the article in 2017
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Answer:
Cost price of article = Rs. 15,500
Cost of repair = Rs. 450
∴ Total cost of article = Rs. (15500+450) = Rs. 15,950
Profit on selling article =15%
∴ Profit (Rs.) =
100
15
×15,950=2392.5
Selling Price = Cost Price + Profit
∴ Selling Price = 15950+2392.5=Rs.18342.5
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