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Question

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.


A

14682

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B

15342.5

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C

18000

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D

18400

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Solution

The correct option is D

18400


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


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