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
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18400
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Cost Price of article = 15,500 rs.
Cost of repair = 500 rs.
Total Cost of article = 15,500 + 500
= 16,000 rs.
Profit on selling article = 15%
Profit (Rs) = 15÷100×16,000
= 2825 rs.
Selling Price = cost price + profit
Selling price = 16,000 + 2825
= 18825 rs.
The Selling price of article is 18825 rs.
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