The cost of article is Rs.15500 and Rs. 500 was spend on its repair . it was sold at a profile of 25%.what was the selling price?
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Step-by-step explanation:
Cost of article=Rs.15500
Money spend on repair=Rs.500
Total cost of article=Rs.15500+500
=Rs. 16000
Selling Price= C.Px(100+gain%) ÷100
=16000x(100+25)÷100
=16000x125÷100
=2000000÷100
=Rs. 20000
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