the cost of an article is ₹15,000 and ₹500 is spent on its repair. if the article is sold at a profit of 20%, then what is the selling price of the article?
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_“The cost of an article is ₹15,000 and ₹500 is spent on its repair. If
the article is sold at a profit of 20%, then what is the selling price of the article?”_
Step-by-Step Breakdown
- Identify the given values:
- Cost of article = ₹15,000
- Repair expenses = ₹500 (this adds to total cost)
- Profit percentage = 20%
- Find total cost price (C.P.):
Total C.P.=15,000+500=₹15,500\text{Total C.P.}=15,000+500=₹15,500Total C.P.=15,000+500=₹15,500
- Calculate profit:
- Profit = 20% of ₹15,500
=20100×15,500=₹3,100=\frac{20}{100}\times 15,500=₹3,100=10020×15,500=₹3,100
- Determine selling price (S.P.):
S.P.=C.P.+Profit\text{S.P.}=\text{C.P.}+\text{Profit}S.P.=C.P.+Profit
=15,500+3,100=₹18,600=15,500+3,100=₹18,600=15,500+3,100=₹18,600
✅ Final Answer
Selling Price = ₹18,600
Summary Table (HTML Format)
html
<table border="1" cellpadding="5" style="border-collapse: collapse; text-align:center;">
<tr>
<th>Details</th>
<th>Amount (₹)</th>
</tr>
<tr>
<td>Cost of the article</td>
<td>15,000</td>
</tr>
<tr>
<td>Repair charges</td>
<td>500</td>
</tr>
<tr>
<td><b>Total Cost Price (C.P.)</b></td>
<td><b>15,500</b></td>
</tr>
<tr>
<td>Profit (20% of C.P.)</td>
<td>3,100</td>
</tr>
<tr>
<td><b>Selling Price (S.P.)</b></td>
<td><b>18,600</b></td>
</tr>
</table>
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