Question

The cost of an article was Rs. $15500$. Rs. $450$ was spent on its repairs. If it is sold for a profit of $15\%$, find the selling price of the article.

• A. $18344.50$
• B. $182145.50$
• C. $18242.50$
• D. $18342.50$

Answer 1

The correct option is D $18342.50$

C.P. $=$ Cost $+$ overheads $=15500+450=15950$

Profit $=$ C.P. $\times$ $\%$ profit $=15950\times \frac{15}{100}=2392.50$

So, S.P. $=$ C.P. $+$ profit $=15950+2392.50=18342.50$