wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The cost of an article is ₹15000 and ₹500 is spent on its repair. If the article is sold at a profit of 20%, then what is the selling price of the article?
  1. 18600

Open in App
Solution

The correct option is A 18600

Cost of the article
= ₹15000

Amount spent on its repair = ₹500

Total cost price (C.P)
= ₹15000 + ₹500
= ₹15500

Profit% = 20%

We know,

a% of C.P. = Profit

2100×15500 = Profit

Profit = ₹3100

S.P = Profit + C.P

= ₹3100 + ₹15500

S.P=18600


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rate of Doing Work
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon