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?
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