Question

The cost of an article was ₹ 15,500. ₹ 450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article?.​

Answer 1

Answer:

Step-by-step explanation:

Total CP = Cost price+ Overhead expenses(repairs)

Total CP = 15500 + 450 = ₹15950

Total CP=₹15950

Profit = CP x % profit

Profit = 15% of CP

Profit= (15/100) ×15950

= 15 ×159.5

Profit = ₹2392.50

Selling price = Cost Price + Profit

SP= 15950 + 2392.50

SP= ₹18342.50

Hence,the selling price of the article=₹18342.5

Answer 2

Step-by-step explanation:

cost of artical = ₹15500

money spend on its repairing = ₹450

total cost prize = ₹15500+₹450

= ₹15950

profit of 15 % or 115% of c.p.

= 115×15950/100

₹18342.5