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Text Solution
Solution : Total cost price = Rs. `15,500`<br> Total cost of repair = Rs. `450`<br> ∴ Total cost ` = Rs.(15500+450) = Rs. 15,950`<br> Similarly,Profit on selling article is `15%`<br> So, Again Selling Price = Cost Price + Profit<br> ∴ Selling Price = `15950+2392.5=Rs.18342.5`<br>
Question 8 Exercise 8.2
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Answer:
Total cost of an article = Cost + Overhead expenses
= ₹ 15500 + ₹ 450
= ₹ 15950
Profit percent = 15
Profit percent = \frac{\text { Profit }}{\text { c.p }} \times 100
15 = Profit/₹ 15950 × 100
Profit = (15 ×₹ 15950)/100
= 2392.50
∴, Selling price of the article = C.P. + Profit
= ₹ (15950 + 2392.50)
= ₹ 18342.50
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At what price should an article costing * 510 be sold so that after giving 15% cash discount,a profit of 20% is made ?
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