[tex]\huge\bold\pink{Question}[/tex]
Cost of an article was Rs 12,500, if Rs 300 spent on its repair and if it sold for a profit of 10% . Find the selling price of the article.
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Answer:
Rs.18342.5
Step-by-step explanation:
Cost price of article = Rs. 15,500
Cost of repair = Rs. 450
∴ Total cost of article = Rs. (15500+450) = Rs. 15,950
Profit on selling article =15%
∴ Profit (Rs.) = 15/100× 15,950 =₹ 2392.50
Selling Price = Cost Price + Profit
∴ Selling Price = 15950+2392.5=Rs.18342.5