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Question
State whether the given statement is True or False.
The cost of an article was Rs 15,500. Rs 450 were spent on its repairs. If it is sold for a profit of 15%, then the selling price of the article minus 18000.50 is Rs.342.
State whether the given statement is True or False.
The cost of an article was Rs 15,500. Rs 450 were spent on its repairs. If it is sold for a profit of 15%, then the selling price of the article minus 18000.50 is Rs.342.Open in App
Solution
Cost Price = Cost + Overheads
=15500+450=15950
Profit = CP × % profit
=15950×15100
=2392.5
Selling Price = Cost Price+Profit
=15950+2392.5
= Rs. 18,342.5 Selling price −18000.50 is equal to18342.50−18000.50=342
=15500+450=15950
Profit = CP × % profit
=15950×15100
=2392.5
Selling Price = Cost Price+Profit
=15950+2392.5
= Rs. 18,342.5
Selling price −18000.50 is equal to
18342.50−18000.50=342
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