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:

cost price of articles = RS: 15 , 500

cost price repair = RS : 500

= total cost of article RS : (15 , 000 + 500 )

= RS : 15 , 000 , 500

profite on selling article = 15 %

profite ( RS . ) = 15 / 100 × 15 , 950 = 2392 . 5

selling price = cost price + profit

selling price = 15950 + 2392 . 5

= RS : 18342 . 5

Answer 2

Step-by-step explanation:

Given:-

The cost of the article was Rs. 15500 and Rs. 500 was spent on its repairing. and it is sold for a profit of 15%.

To find:-

The selling price of the article?

Solution:-

General method:-

The Cost price of an article (CP)=Rs. 15500

Money spent in its repairing = Rs. 500

Total Cost Price of the article

=>Rs. 15500 + Rs. 500

=>Rs. 16000

Let the Selling Price of the article be Rs. X

Percentage of Profit on the article = 15%

We know that

Profit Percentage = (Profit /CP)×100

=>15 =( Profit /16000)×100

=>15 = Profit/160

=>15×160 = Profit

=>2400 = Profit

Therefore, Profit = Rs. 2400

Now we know that

Profit = Selling Price - Cost Price

=>Selling Price = Cost Price+Profit

=>Selling Price = 16000+2400

Selling Price = Rs. 18400

(or)

Formula method:-

The Cost price of an article (CP)=Rs. 15500

Money spent in its repairing = Rs. 500

Total Cost Price of the article

=>Rs. 15500 + Rs. 500

=>Rs. 16000

Cost Price = (CP)=Rs. 16000

Profit Percentage = 15%

Selling Price =[ (100+P)×CP]/100

=>Selling Price =[ (100+15)×16000]/100

=>Selling Price = (115×16000)/100

=>Selling Price = 115×160

=>Selling Price = Rs. 18400

Answer:-

The selling price of the given article is Rs. 18400

Used formulae:-

• Profit Percentage = (Profit /CP)×100

• Profit = Selling Price - Cost Price

• Selling Price = Cost Price+Profit

• Selling Price =[ (100+P)×CP]/100

• Profit or Loss is always calculated on the Cost Price.