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.
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Step-by-step explanation:
the cost of the article= rupees 15,500
amount spent on its repair= rupees 450
total cost of the article= 15500+450= rupees 15950
profit %= 15%
S.P ( selling price)= 100+gain%/100× C.P
= 115/100× 15950
= 23/20× 15950
= rupees 18342.5
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