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The marked price of a helmet is 30% more...

The marked price of a helmet is 30% more than its cost price. If the helmet is sold for Rs. 744 after a discount of Rs. 36, then what will be the profit per cent ?

A

24

B

18

C

21

D

27

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Determine the Selling Price (SP) The selling price of the helmet is given as Rs. 744. ### Step 2: Calculate the Marked Price (MP) The helmet is sold after a discount of Rs. 36. Therefore, we can find the marked price using the formula: \[ \text{MP} = \text{SP} + \text{Discount} \] \[ \text{MP} = 744 + 36 = 780 \] ### Step 3: Relate the Marked Price to the Cost Price (CP) We know that the marked price is 30% more than the cost price. This can be expressed as: \[ \text{MP} = \text{CP} + 0.30 \times \text{CP} \] \[ \text{MP} = 1.30 \times \text{CP} \] ### Step 4: Substitute the Marked Price into the Equation Now we can substitute the value of the marked price we found: \[ 780 = 1.30 \times \text{CP} \] ### Step 5: Solve for the Cost Price (CP) To find the cost price, we rearrange the equation: \[ \text{CP} = \frac{780}{1.30} \] \[ \text{CP} = 600 \] ### Step 6: Calculate the Profit Profit can be calculated using the formula: \[ \text{Profit} = \text{SP} - \text{CP} \] \[ \text{Profit} = 744 - 600 = 144 \] ### Step 7: Calculate the Profit Percentage Profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{144}{600} \right) \times 100 \] \[ \text{Profit Percentage} = 24\% \] ### Final Answer The profit percentage is **24%**. ---
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