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

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.) = 15/100 × 15,950= 2392.5

Selling Price = Cost Price + Profit

∴ Selling Price = 15950+2392.5=Rs.18342.5

Hope it helps you

Answer 2

Answer:

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Step-by-step explanation:

Here, C.P. = Rs.15,500 and Repair cost = Rs.450

Therefore Total Cost Price = 15500 + 450 = Rs.15,950

Let C.P be Rs.100, then S.P. = 100 + 15  = Rs.115

∵ When C.P. is Rs.100, then S.P. = Rs.115

∴ When C.P. is Rs.1, then S.P. = 115/100  

∴ When C.P. is Rs.15950, then S.P.

= 115/100x15950=Rs. 18,342.50