Multiple choice

The cost of the article was Rs. 15500 and Rs. 500 was spent on its repairing. If it is sold for a profit of 15%. The selling price of the article is:

  1. Rs. 16400

  2. Rs. 17400

  3. Rs. 18400

  4. Rs. 19400
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost = 15500 + 500 = 16000. Profit = 15% of 16000 = 2400. Selling price = 16000 + 2400 = 18400.

AI explanation

First, find the total cost price of the article by adding the purchase price and the repair cost, which is 15500 + 500 = 16000. To achieve a 15% profit, calculate the profit amount as 15% of 16000, which equals 2400. Adding this profit to the total cost price gives the final selling price: 16000 + 2400 = 18400.

Keep practicing — related questions