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Question -

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



Answer -

CP of the article = тВ╣ 15,500
Money spent on repairs = тВ╣ 450
Net CP = тВ╣ 15,500 + тВ╣ 450 = тВ╣ 15,950
Profit = 15%
┬а
Hence, the selling price of article = тВ╣ 18342.50

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