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?

• A. 18600

Answer 1

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

$\frac{2}{100}\times 15500$ = Profit

Profit = ₹3100

S.P = Profit + C.P

= ₹3100 + ₹15500

∴ $S.P=₹18600$