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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

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प्रश्न

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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उत्तर

Total cost of an article = Cost + Overhead expenses

= Rs 15500 + Rs 450

= Rs 15950

Profit % = `"Profit"/"C.P" xx 100`

15 = `"Profit"/"Rs 15950" xx 100`

Profit =  Rs `(15950 xx 15)/100` = Rs 2392.50

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

= Rs 18342.50

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