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When a discount of 25% is given on a cru...

When a discount of 25% is given on a cruise trip, the profit is 41%. If the discount is 26%, then the profit is

A

39.12 per cent

B

67 per cent

C

94.88 per cent

D

11.24 per cent

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the reasoning laid out in the video transcript. ### Step 1: Understand the Given Information We know that when a discount of 25% is given, the profit is 41%. We need to find the profit when the discount is increased to 26%. ### Step 2: Establish the Relationships Let: - CP = Cost Price - MP = Marked Price - SP = Selling Price From the information given: - When a discount of 25% is given, the Selling Price (SP) can be expressed as: \[ SP = MP \times (1 - 0.25) = MP \times 0.75 \] - The profit of 41% means: \[ SP = CP \times (1 + 0.41) = CP \times 1.41 \] ### Step 3: Set Up the Equations From the above relationships, we can set up the equation: \[ MP \times 0.75 = CP \times 1.41 \] This can be rearranged to find the ratio of CP to MP: \[ \frac{CP}{MP} = \frac{0.75}{1.41} \] ### Step 4: Calculate the Ratio Calculating the ratio: \[ \frac{CP}{MP} = \frac{0.75}{1.41} \approx \frac{75}{141} \] ### Step 5: Find the New Selling Price with a 26% Discount Now, if the discount is increased to 26%, the new Selling Price becomes: \[ SP = MP \times (1 - 0.26) = MP \times 0.74 \] ### Step 6: Relate the New Selling Price to the Cost Price Using the same relationship for profit: \[ SP = CP \times (1 + p) \] Where \( p \) is the new profit percentage we want to find. Therefore: \[ MP \times 0.74 = CP \times (1 + p) \] ### Step 7: Substitute the CP in Terms of MP Substituting \( CP \) from the earlier ratio: \[ MP \times 0.74 = \left(\frac{75}{141} \times MP\right) \times (1 + p) \] ### Step 8: Cancel MP and Solve for p Cancelling \( MP \) from both sides (assuming \( MP \neq 0 \)): \[ 0.74 = \frac{75}{141} \times (1 + p) \] ### Step 9: Solve for (1 + p) Rearranging gives: \[ 1 + p = \frac{0.74 \times 141}{75} \] Calculating the right-hand side: \[ 1 + p \approx \frac{104.94}{75} \approx 1.3992 \] ### Step 10: Calculate p Thus: \[ p \approx 1.3992 - 1 = 0.3992 \] To express this as a percentage: \[ p \approx 39.92\% \] ### Final Answer Therefore, the profit when a discount of 26% is given is approximately **39.92%**. ---
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