Question

The cost of an article is Rs. 15500 and Rs. 450 is spent for its repair. If the article is sold at a profit of 15% , then what is the selling price?

• A. 14682
• B. 15342.5
• C. 18000
• D. 18342.5

Answer 1

The correct option is D

18342.5

$C.P=Rs.(15500+450)=Rs.15950$
$Profit\%=15\%$
$\Rightarrow \frac{Profit}{CostPrice}$ $=\frac{P}{100}$
$\Rightarrow \frac{Profit}{15950}$$=\frac{15}{100}$
$\Rightarrow Profit=Rs.2392.5$
$\Rightarrow Profit=S.P-C.P$
$\Rightarrow S.P=Rs.18342.5$