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Question

A book which costs Rs. 40 is sold for 25% profit. If the cost of the book is increased by 10% and profit percentage remains the same, what would be the new selling price of the same book?

This question was previously asked in
SSC Stenographer 2020-21 Previous Year Paper (15-Nov-2021) (Shift 2)
The correct answer is

Rs. 55

New cost price = ₹40 × 1.10 = ₹44. At 25% profit, new selling price = ₹44 × 1.25 = ₹55.

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