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Ex 8.2, 4 - The cost of an article was Rs 15,500. Rs 450 were spent

Ex 8.2, 4 - Chapter 8 Class 8 Comparing Quantities - Part 2
Ex 8.2, 4 - Chapter 8 Class 8 Comparing Quantities - Part 3

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Question 4 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. Given, Cost Price of an article = 15500 Money spent on Repairs = 450 Profit Percentage = 15% Now, Total Cost price will cost price of article + Money spent on repairs Total Cost Price (CP) = Cost Price of article + Money spent on repairs = 15500 + 450 = 15950 Now, Profit Percentage = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/𝐢𝑃 Γ— 100 15 = π‘ƒπ‘Ÿπ‘œπ‘“π‘–π‘‘/15950Γ—100 (15 Γ— 15950)/100 = Profit (15 Γ— 1595)/10 = Profit 23925/10 = Profit 2392.5 = Profit ∴ Profit = 2392.5 Now, Profit = SP βˆ’ CP 2392.5 = SP βˆ’ 15950 2392.5 + 15950 = SP 1834.5 = SP ∴ SP = 18342.5 ∴ Selling Price of the article = Rs 18,342.50

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 13 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.