Question Details

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:

Options

A

17113%

B

11313%

C

14313%

D

13317%

Show Answer

Correct Answer :

Option C

14313%

Solution :

The correct option is 14313%.

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:
SP1=MP35% of MP
SP1=10035=65

Step 2: Calculate the Cost Price (CP).
It is given that at a 35% discount, a profit of 35% is made.
SP1=CP×1+Profit %100
65=CP×1+35100
65=CP×135100
CP=65×100135=13×10027=130027

Step 3: Calculate the new Selling Price (SP2) when the discount is 45%.
SP2=MP45% of MP
SP2=10045=55

Step 4: Calculate the new profit percentage.
Profit=SP2CP=55130027=1485130027=18527

Now, finding the profit percentage:
Profit %=ProfitCP×100
Profit %=18527130027×100=1851300×100=18513%

Converting 18513 to a mixed fraction:
185÷13=14 with a remainder of 3

Thus, the profit percentage is 14313%.

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