Question

The cost of an article was Rs. 15500 and Rs. 450 were spent on its repair. If it is sold for a profit of 15%, find the selling price of the article

Answer 1

CP=15500+450 = 15,950

Profit -= SP-CP

If cp is 100 then sp 15

If cp is 1, sp = 15/100

if cp=15,950, sp = 15/100x15950

Therefore S.P. = Rs2392.5

Answer 2

Answer:

$cost \: price \: of \: aticle \: = rs. \:15500 \: \\ cost \: of \: repair \: = rs.450 \\ total \: cost \: of \: article \: = 15\% \: \\ profit \: (rs.) = \frac{15}{100} \times 15950 = 2392.5 \\ selling \: price \: = cost \: price + profit \: \\ selling \: price \: = 15905 + 2392.5 = rs.18342.5$