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A television manufacturer earns a profit of 10% by selling one TV set for ₹24,750. If the production cost is increased by 15%, then what should be the
Question

A television manufacturer earns a profit of 10% by selling one TV set for ₹24,750. If the production cost is increased by 15%, then what should be the new selling price of the TV set so as to gain a profit of 15%?

A.

₹27,756.25

B.

₹29,756.25

C.

₹8,756.25

D.

₹26,756.25

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)=Selling Price (SP)1+Profit Percentage100\text{Cost Price (CP)} = \frac{\text{Selling Price (SP)}}{1 + \frac{\text{Profit Percentage}}{100}}  ​
Solution:
Calculating the original cost price (CP).
CP=24,7501+10100=24,7501.10=22,500\text{CP} = \frac{24,750}{1 + \frac{10}{100}} = \frac{24,750}{1.10} = ₹22,500 ​
Calculating the new cost price after a 15% increase:
New CP=22,500×(1+15100)=22,500×1.15=25,875\text{New CP} = ₹22,500 \times \left(1 + \frac{15}{100}\right) = ₹22,500 \times 1.15 = ₹25,875 \\​​
Now, calculating the new selling price to achieve a 15% profit:
New SP=25,875×(1+15100)=25,875×1.15=29,756.25\text{New SP} = ₹25,875 \times \left(1 + \frac{15}{100}\right) = ₹25,875 \times 1.15 = ₹29,756.25 \\  ​
Thus, the new selling price of the TV set should be ₹29,756.25.  

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