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

**Solution:**

Cost Price of the article = ₹ 15,500

Overhead charges = ₹ 450

Profit percentage = 15%

New Cost Price = Cost Price + Overhead charges

New C.P. = 15500 + 450

= 15950

Selling Price = Cost Price + Profit

where, Profit = 15% of C.P.

S.P. = C.P. + Profit

= C.P. + 15% of C.P.

= C.P. + (15/100) × C.P.

= 115% C.P.

S.P. = (115/100) × 15950

= 18342.50

Thus, the selling price is ₹ 18342.50

**☛ Check: **NCERT Solutions for Class 8 Maths Chapter 8

**Video Solution:**

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

NCERT Solutions Class 8 Maths Chapter 8 Exercise 8.2 Question 4

**Summary:**

The cost of an article was ₹ 15,500. ₹ 450 was spent on its repairs. If it is sold for a profit of 15%, the selling price of the article is ₹ 18342.50.

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