Question

The cost of an article is ₹15,000 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?

• A. ₹18,600
• B. ₹15,000
• C. ₹15,500
• D. ₹3,100

Answer 1

The correct option is A ₹18,600

Cost of the article = ₹15,000
Repair cost = ₹500
Total cost price (C.P) = ₹15,000 + ₹500 = ₹15,500
Profit % = 20%

$\frac{Profit}{C.P}\times 100=$ Profit %
By putting all values,
Profit = $\frac{15,500}{100}\times 20$ = 3,100
S.P = C.P + Profit
= ₹15,500 + ₹3,100
= ₹18,600