The cost of an article was Rs 16500, Rs 450 were spent on its repair. If it was
sold for a profit of 15% , find the selling price of the article
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Answered by
2
Answer:
Rs. 19492.50
Step-by-step explanation:
Total C.P. = 16500 + 450 = Rs. 16950
Profit % = 15 %
Profit = 15/100 × 16950 = Rs. 2542.50
So, S.P. = 16950 + 2542.50 = Rs. 19492.50
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GIVEN :-
Cost of an article = 16,500
overhead expenses = 450
Profit = 15%
Profit= S.P – C.P
Total CP = Cost price+ Overhead expenses(repairs)
Total CP = 16500 + 450 = ₹16950
Total CP=₹16950
Profit = CP x % profit
Profit = 15% of CP
• Profit= 15/100 × 16950
= ₹ 2542.5
Profit = ₹2542.5
• Selling price = Cost Price + Profit
SP= 16500+ 2542.5
SP= ₹19042.5
Hence,the selling price of the article = ₹19042.5
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