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After giving a discount of 35%, there is...

After giving a discount of `35%`, there is a loss of `7.14%`. If only `20%` discount is given, then what will be the profit percentage?

A

`11.11`

B

`12.5`

C

`14.28`

D

`16.66`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the given information We know that after giving a discount of 35%, there is a loss of 7.14%. We need to find the profit percentage when a discount of 20% is given. ### Step 2: Establish the relationship between Cost Price (CP), Marked Price (MP), and Selling Price (SP) 1. Let the Marked Price (MP) be \( x \). 2. A discount of 35% means the Selling Price (SP) after discount is: \[ SP = MP \times (1 - \text{Discount Percentage}) = x \times (1 - 0.35) = x \times 0.65 \] 3. Given that there is a loss of 7.14%, we can express this as: \[ SP = CP \times (1 - \text{Loss Percentage}) = CP \times (1 - 0.0714) = CP \times 0.9286 \] ### Step 3: Set up the equation From the above, we have: \[ x \times 0.65 = CP \times 0.9286 \] This can be rearranged to find the ratio of CP to MP: \[ \frac{CP}{MP} = \frac{0.65}{0.9286} \] ### Step 4: Calculate the ratio Calculating the right-hand side: \[ \frac{CP}{MP} = \frac{65}{92.86} \approx \frac{65 \times 100}{92.86 \times 100} = \frac{6500}{9286} \approx \frac{7}{10} \] Thus, we can conclude: \[ CP : MP = 7 : 10 \] ### Step 5: Assign values to CP and MP Let: - Cost Price (CP) = \( 7x \) - Marked Price (MP) = \( 10x \) ### Step 6: Calculate Selling Price (SP) with a 20% discount 1. A discount of 20% means: \[ SP = MP \times (1 - 0.20) = 10x \times 0.80 = 8x \] ### Step 7: Calculate Profit Profit is given by: \[ \text{Profit} = SP - CP = 8x - 7x = x \] ### Step 8: Calculate Profit Percentage Profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{CP} \right) \times 100 = \left( \frac{x}{7x} \right) \times 100 = \frac{1}{7} \times 100 \approx 14.28\% \] ### Final Answer The profit percentage when a discount of 20% is given is approximately **14.28%**. ---
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