Question 4
The cost of an article was Rs 15,500. Rs 450 was spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.

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Solution

Here C.P. = Rs 15,500 and Repair cost = Rs 450
Therefore Total Cost Price = Rs 15500 + Rs 450 = Rs 15,950
Let C.P be Rs 100, then S.P. = 100 + 15 = Rs 115
$∵$ When C.P. is Rs 100, then S.P. = Rs 115
When C.P is Rs 1, then S.P. = $\frac{115}{100}$
$∴$ When C.P is Rs 15950, then S.P. = $\frac{115}{100} \times 15950 = R s .18, 342.50$

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Question 4 The cost of an article was Rs 15,500. Rs 450 was spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.

Question 4
The cost of an article was Rs 15,500. Rs 450 was spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.