Correct option is B
Given:
Current Selling Price = ₹24,750
Profit Percentage (Initial) = 10%
Production Cost Increase = 15%
Desired Profit Percentage = 15%
Formula Used:
Cost Price (CP)=1+100Profit PercentageSelling Price (SP)
Solution:
Calculating the original cost price (CP).
CP=1+1001024,750=1.1024,750=₹22,500
Calculating the new cost price after a 15% increase:
New CP=₹22,500×(1+10015)=₹22,500×1.15=₹25,875
Now, calculating the new selling price to achieve a 15% profit:
New SP=₹25,875×(1+10015)=₹25,875×1.15=₹29,756.25
Thus, the new selling price of the TV set should be ₹29,756.25.