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When a discount of 20% is given on a monthly train pass, the profit is 44%. If the discount is 29%, then the profit is ________.

  1. A
    73percent
  2. B
    118.2percent
  3. C
    17.4percent
  4. D
    27.8percent

Solution & Step-by-step Explanation

Let the Cost Price (CP) of the train pass be 100.
When the profit is 44%, the Selling Price (SP
1

) is:

SP
1

=144
This selling price is obtained after offering a 20% discount on the Marked Price (MP):

SP
1

=80% of MP
144=0.80×MP
MP=
0.80
144

=180
Now, a new discount of 29% is given on the Marked Price:

New Discount=29% of 180=
100
29

×180=52.2
New Selling Price (SP
2

)=180−52.2=127.8
Since the Cost Price (CP) is 100 and the new Selling Price is 127.8, the new profit percentage is:

Profit %=127.8−100=27.8%

Practice this question

Try it yourself before checking the explanation above.

When a discount of 20% is given on a monthly train pass, the profit is 44%. If the discount is 29%, then the profit is ________.
A
73percent
B
118.2percent
C
17.4percent
D
27.8percent

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