Question

The cost of the article was Rs. 15500 and Rs. 500 was spent on its repairing. If it is sold for a profit of 15%. The selling price of the article is? Please tell fast

Answer 1

Answer:

Explanation: Total cost = 15500+500 = 16000

Profit % = (Profit/Cost price) x 100

Profit = (Profit% x Cost price)/100

P = (15×16000)/100 = 2400

Selling Price = Profit + cost price = 2400 + 16000 = Rs.18400

This is correct answer

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Answer 2

Given:

Cost of the article= Rs.15,500

Repairing costs= Rs.500

Profit= 15%

To find:

The selling price of the article

Solution:

We can find the solution by following the given steps-

We know the total amount spent on the article is cost price and costs of repairing it.

So, the total cost price of the article=15,500+500

= Rs. 16,000

The profit earned on selling the article is 15%.

We know that the profit percent is always calculated on the cost price.

So, Profit= (15×16,000)/100

= 15×160

= Rs. 2,400

Since there is a profit, the selling price must be greater than the cost price.

We now have, the Selling price of the article- the cost price of the article= Profit

SP - 16,000= 2,400

SP=2,400+16,000

SP=18,400

Therefore, the selling price of the article is Rs. 18,400.