The cost of an article was rs15500. Rs450 were spent on its repairs. If it is sold for a profit of 15% find the selling price of the article
Answers
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Answer:
Selling Price = Rs.18342.50
Step-by-step explanation:
Total Cost Price = Cost price + Price for repair
= Rs.15,500 + Rs.450
= Rs.15,950
Profit = 15% of Cost Price
= x 15,950
= 15 x 159.5
= Rs.2,392.50
Selling Price = Cost Price + Profit
Therefore, Selling Price = Rs.15950 + Rs.2392.50
= Rs.18,342.50
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