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?
- AOption (a)
Rs. 55
- BOption (b)
Rs. 58
- COption (c)
Rs. 52
- DOption (d)
Rs. 48
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Correct answer
Rs. 55
Why this answer is correct
Given,
Actual cost of book = 40/-
But,
The book which costs Rs. 40 is sold for 25% profit.
⇒ Actual cost of book + 25% profit of the book.
= 40 + (40 × 25) ÷ 100
= 40 + 10
= 50/-
The actual cost of the book with 25% = 50/-
⇒ If the cost of the book is increased by 10% and profit percentage remains the same,
New selling price = Actual cost of book with 25% profit + Cost of book increased by 10%
New selling price = 50 + ((50 × 10) ÷ 100)
New selling price = 50 + 5
New selling price = 55/-
∴ Here, the new selling price of the book is 55/-
Hence, the correct answer is "Rs. 55".















