
Shortcut Trick
Effective Cost Price (CP) = 18,000 + 2,000 = ₹20,000.
Selling Price (SP) = ₹23,000.
Profit = 23,000 − 20,000 = ₹3,000.
Profit % = (3,000 ÷ 20,000) × 100 = 15%.
∴ The correct answer is 15%.

Alternate Method
Given: Buying Price = ₹18,000, Repair Cost = ₹2,000, Selling Price (SP) = ₹23,000.
Formula Used: Total CP = Buying Price + Repairs; Profit % = (Profit ÷ Total CP) × 100.

⇒ Total Cost Price (CP) = ₹18,000 + ₹2,000 = ₹20,000
⇒ Profit = Selling Price − Total Cost Price
⇒ Profit = ₹23,000 − ₹20,000 = ₹3,000
⇒ Profit Percentage = (3,000 ÷ 20,000) × 100
⇒ Profit Percentage = 3/20 × 100 = 15%
∴ The correct answer is 15%.

Additional Information
Overhead Expenses
Any extra expenditure incurred on an item like repairs, freight, or transportation is added to the original purchase price to calculate the effective Cost Price.
Profit and Loss Calculation
Both Profit % and Loss % are always calculated on the Total Cost Price. Profit % = (Profit ÷ CP) × 100 and Loss % = (Loss ÷ CP) × 100.
Selling Price for Desired Profit
To find the SP for a required profit percentage P, the formula is SP = CP × (100 + P) ÷ 100.