Question

the cost of an article was 15500. 450 were spent on it repairs .if it is sold for a profit of 15%. find the selling price of the article​

Answer 1

Answer:

Cost price of article=15500

Overheads =450

Total cost price=15500+450

=15950

Profit%=15%

Profit=15%of 15950

=15/100×15950

=2392.5

Selling price=Cp+Profit

=15950+2392.5

=18342.5

Answer 2

Answer:

c. p. of article = 15500

spent on repairing = 450

total c. p. = c. p. + extra spending

= 15500+450 = 15950

profit = 15%

$s.p. = \binom{100 + profit\%}{ 100} \times cp$

sp= (100+15/100) x 15950

=( 115/100) x 15950

= (23/20) x 15950

= 23x 15950/ 20

= 23 x 3190/ 4

= 23x 1595 / 2

= 36685/2

= 18342.5