The cost of an article was $R s . 15, 500$ . $R s . 450$ 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

Cost price of article = Rs. $15, 500$
Cost of repair = Rs. $450$
$∴$ Total cost of article = Rs. $(15500 + 450)$ = Rs. $15, 950$

Profit on selling article $= 15 %$

$∴$ Profit (Rs.) = $\frac{15}{100} \times 15, 950 = 2392.5$

$Selling Price = Cost Price + Profit$

$∴$ Selling Price = $15950 + 2392.5 = R s . 18342.5$

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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.

Cost price of article = Rs. 15,500Cost of repair = Rs. 450∴ Total cost of article = Rs. (15500+450) = Rs. 15,950Profit on selling article =15%∴ Profit (Rs.) = 15100×15,950=2392.5Selling Price = Cost Price + Profit∴ Selling Price = 15950+2392.5=Rs.18342.5

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