The cost of an article is ₹15500 and ₹500 is spent on its repair. If the article is sold at a profit of 15%, then find its selling price.

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Solution

The actual cost price includes the CP of the article and the overhead charges.

C.P = $₹ (15500 + 500) = ₹ 16000$

Profit $% = 15 %$

$∴$ SP $= \frac{100 + profit %}{100} \times CP$

= $\frac{115}{100} \times 16000$

= ₹18400

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Q. The cost of an article was Rs.

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. 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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The cost of an article is ₹15500 and ₹500 is spent on its repair. If the article is sold at a profit of 15%, then find its selling price.

The actual cost price includes the CP of the article and the overhead charges. C.P = ₹(15500+500)=₹16000 Profit %=15% ∴ SP =100+profit%100 × CP = 115100 × 16000 = ₹18400

The actual cost price includes the CP of the article and the overhead charges.

C.P = $₹ (15500 + 500) = ₹ 16000$

Profit $% = 15 %$

$∴$ SP $= \frac{100 + profit %}{100} \times CP$

= $\frac{115}{100} \times 16000$

= ₹18400