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.

Open in App

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

Suggest Corrections

Similar questions

Q. The cost of an article is ₹15500 and ₹500 is spent on its repair. If the article is sold at a profit of 15%, then find its selling price.

Q. 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.

Question 4
The cost of an article was Rs 15,500. Rs 450 was spent on its repairs. If it is sold for a profit of 15%, find the selling price of the article.

The cost of an article is ₹ 15500 and ₹ 450 is spent for its repair. If the article is sold at a profit of 15% , then what is the selling price?

Join BYJU'S Learning Program