Question

$\huge\bold\pink{Question}$
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.

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Answer 1

★Given:-

• Cost price of an article = Rs.12500
• Sp = Rs. 300
• Profit = 10%

★To find:-

• Selling Price

★Solution:-

• 12500 - 300 = 12200
• 12200 ÷ 100% = 122
• 100% - 10% = 90%
• 122 × 100 = 12200

Hence, The selling price of The Article is ₹12200.

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Answer 2

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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