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

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Solution

Total cost of an article = Cost + Overhead expenses

= Rs 15500 + Rs 450

= Rs 15950

∴Selling price of the article = C.P. + Profit = Rs (15950 + 2392.50)

= Rs 18342.50

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

Total cost of an article = Cost + Overhead expenses = Rs 15500 + Rs 450 = Rs 15950 ∴Selling price of the article = C.P. + Profit = Rs (15950 + 2392.50) = Rs 18342.50

Total cost of an article = Cost + Overhead expenses

= Rs 15500 + Rs 450

= Rs 15950

∴Selling price of the article = C.P. + Profit = Rs (15950 + 2392.50)

= Rs 18342.50