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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

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B

15342.5

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C

18000

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D

18342.5

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Solution

The correct option is D

18342.5


C.P = Rs. (15500 + 450) = Rs. 15950

∴ Profit % = 15 %

ProfitCostPrice = P100

Profit15950 = 15100

⇒ Profit = Rs. 2392.5

Profit = S.P - C.P

∴ S.P = Rs. 18342.5


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