Question

The cost of an article was Rs15,500.RS450 was spent on its repairs.If it was sold for Rs18342.50.find it's profit percentage?

Answer 1

Total c.p=15500+450(repairs)
=15950
Total sp=18342.50
Therefore profit = sp-cp
18342.50-15950
=2392.50
Profit %=2392.50/15950*100(Profit /cp*100)
profit %=15%

Hope I helped u

Answer 2

Hi,

Thanks for asking this question.

Here is the required answer :-

CP of the article = ₹ 15,500

Money spent on repairs of the article = ₹ 450

Total cost of article = ₹15500 + ₹ 450
= ₹15950

SP of the article = ₹ 18342.50

Profit made by selling the article = ₹ 18342.50 - ₹ 15950
= ₹ 2392.50

Hence,

Profit % = (Profit/CP) × 100
=(2392.50/15950) × 100
=15%

Hope my answer helped you!