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

Question

The cost of an article was ₹ 15,500. ₹ 450 was 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 1

Sure, here are the steps to solve the problem:

Step 1: First, we need to find the total cost of the article. The total cost is the original cost plus the cost of repairs. So, ₹15,500 + ₹450 = ₹15,950.

Step 2: Next, we need to calculate the profit. The profit is 15% of the total cost. So, 15/100 * Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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