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:

Answer 1

Step-by-step explanation:

Given,

Cost of the article = Rs. 15500

Cost of repair = Rs. 450

Cost price(CP) of the article = Rs. (15500 + 450) = Rs. 15950

Profit percentage = 15%

Profit amount = 15% of Rs.15950 = Rs. 2392.50

Selling Price = Rs.(15950 + 2392.50) = Rs. 18342.50

OR

Selling price (SP) of the article = CP + Profit = CP + (15% of CP)

= 115% of CP

Answer 2

Step-by-step explanation:

15500 + 500 = 16000 ( total cp)

profit % = 15%

•°• 15% of 16000 + total cp = sp

15/100 × 16000 + 16000 = sp

15×160 + 16000 = sp

2400 + 16000 = sp