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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 Selling Price (New SP) = New CP \times (1 + \frac{\text{Profit Percentage}}{100}) Substitute the values: New SP = 44 \times (1 + \frac{25}{100}) New SP = 44 \times (1 + 0.25) New SP = 44 \times 1.25 New SP = 55 Conclusion: The New Selling Price After increasing the cost price by 10% and maintaining the profit percentage at 25%, the new selling price of the book is Rs. 55.

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