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%, what is the selling price?

Cost price of article = Rs. 15,500
Cost of repair = Rs. 450
∴ Total cost of article = Rs (15500 + 450) = Rs. 15,950
Profit on selling article = 15%
Profit = 15% of 15950
Profit = (15/100) * 15950 = 2392.5
Selling Price = Cost Price + Profit
Selling Price = 15950 + 2392.5 = Rs. 18342.5