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The cost of an article was Rs 15,500. Rs...

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

Text Solution

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Total cost price = Rs. `15,500`
Total cost of repair = Rs. `450`
∴ Total cost ` = Rs.(15500+450) = Rs. 15,950`
Similarly,Profit on selling article is `15%`
So, Again Selling Price = Cost Price + Profit
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