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

Given,

Cost of the article = Rs. 15500

Cost of repair = Rs. 450

Cost price(CP) of the article = Rs. (15500 + 450) = Rs. 15950

Profit percentage = 15%

Profit amount = 15% of Rs.15950 = Rs. 2392.50

Selling Price = Rs.(15950 + 2392.50) = Rs. 18342.50

OR

Selling price (SP) of the article = CP + Profit = CP + (15% of CP)

= 115% of CP

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