Question

the cost of an article was rs 12000. rs 350 were spent on its repair . it is sold at a profile of 14% . find the selling price of the article

Answer 1

Cp= 12000 Spent on repair= 350 So, Total Cp= 12000+350=12350 Sp were 14% profit= 100+14/100×12350= 14079 ans..

Answer 2

given,
cost of the article= rs 12,000
Overhead expenses=rs 350
Total cost price(CP)=rs(12,000+350)
=rs 12,350
profit % made = 14%
profit = 14 % of rs 12,350=rs 1029
selling price (SP) = CP + profit
=rs(12,350+1,029)
=rs 13,379
so, the SP of the article is rs 13,379
HOPE IT HELPS YOU.