Question

The cost of an article was Rs 15,500 & Rs.450 were spent on its repairs . If it is sold for a

profit of 15% find the selling price of the article.

Answer 1

First part of the question -
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Let the CP of the article be ₹x.

SP = ₹4050

Loss % (r) = 10%

SP = (1 - r/100) * CP

₹4050 = (1 - 10/100) * CP

CP = ₹4050 × 100 /90

= ₹ 4500

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Second part of the question -
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CP = ₹4500 (found in the first part of the question)

Profit % (r) = 8%

SP = ( 1 + r/100) × CP

= (1 +8/100) × ₹4500

= ₹ 4860

Ans. = The cost price of the article is ₹4500 .
And the new selling price is ₹4860.

Hope it helps!! ^_^

Answer 2

Cost of article = ₹15500
Cost spent on its repair = ₹450
Total cost = ₹15500 + ₹450
➡ ₹15950

Profit % = 15%

Selling price = 100 + P% * Cp/100
➡ (100 + 15%) * 15950/100
➡ 115 * 15950/100
➡ ₹18342.4