A 35% profit is made when a discount of 35% is given on the marked price of an item. When the discount is 45%, then the profit percentage will be:
Correct Answer :
Solution :
The correct option is .
Step 1: Understand the relationship between Cost Price (CP), Marked Price (MP), and Selling Price (SP).
Let the Marked Price (MP) of the item be 100.
When a discount of 35% is given on the marked price:
Step 2: Calculate the Cost Price (CP).
It is given that at a 35% discount, a profit of 35% is made.
Step 3: Calculate the new Selling Price () when the discount is 45%.
Step 4: Calculate the new profit percentage.
Now, finding the profit percentage:
Converting to a mixed fraction:
Thus, the profit percentage is .
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