The cost of an article was ₹15,500. ₹450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.
[3 marks]

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Solution

Cost of the article = ₹15,500
Amount spent on repairs = ₹450
Actual cost price of the article = ₹15,500 + ₹450 = ₹15,950
[1 mark]

Profit = 15%
Profit = $\frac{15}{100}$ $\times$ 15950
= ₹2392.50
[1 mark]

Selling price = Actual cost price + profit
= ₹15,950 + ₹2392.50
= ₹18342.50
[1 mark]

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The cost of an article was ₹15,500. ₹450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article. ​ [3 marks]

Cost of the article = ₹15,500 Amount spent on repairs = ₹450 Actual cost price of the article = ₹15,500 + ₹450 = ₹15,950 [1 mark] Profit = 15% Profit = 15100× 15950 = ₹2392.50 [1 mark] Selling price = Actual cost price + profit = ₹15,950 + ₹2392.50 = ₹18342.50 [1 mark]

The cost of an article was ₹15,500. ₹450 were spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.
[3 marks]