The cost of an article was rupees 15500 . Rupees 450 was spent on its repairs . If it is sold for a profit of 15%, find the selling price of the article.
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Total cost of an article = Cost + Overhead expenses
= ₹15500 + ₹450
= ₹15950
15= profit / ₹15950 × 100
Profit = ₹(15950×15/100) = ₹2392.50
Selling price of the article = CP + Profit
= ₹(15950 + 2392.50)
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