Question

The CP of an articles was 15500 .Rs 450 he spent for repair and he sold at a prfit of 15% Find its sp of the article

Answer 1

purchase price(initial cost) = 15500rs

additional amount spent = 450

then cost price(total) will be 15500 + 450 = 15950

profit percentage = 15%

profit = cost price * profit percentage = 15950 * 15% = 2392.5

selling price = cost price + profit = 15950 + 2392.5 = 18342.5