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Question

The cost of an article was rupee 15500.rupee 451 spend on its repairs. if it is sold for a profit of 15%, find the selling price of the article.


Solution

Total CP = Cost price+ Overhead expenses(repairs)


Total CP = 15500 + 450 = ₹15950

Total CP=₹15950


Profit = CP x % profit

Profit = 15% of CP


Profit= (15/100) ×15950

= 15 ×159.5

Profit = ₹2392.50


Selling price = Cost Price + Profit


SP= 15950 + 2392.50

SP= ₹18342.50

Hence,the selling price of the article=₹18342.50

Mathematics

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