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    Question

    A salesman sells a washing machine for Rs 24,000 and

    gains a profit of 25%. If the production cost is increased by 15%, what should be the new selling price to achieve a 25% profit?
    A 22600 Correct Answer Incorrect Answer
    B 24500 Correct Answer Incorrect Answer
    C 27,600 Correct Answer Incorrect Answer
    D 23400 Correct Answer Incorrect Answer

    Solution

      Original CP- CP = 24,000/ 1.25 = 19, 200   New CP after 15% increase- New CP =19, 200 × 1.15 = 22,080   New SP for 25% profit: New SP= 22,080 × 1.25 = 27,600

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