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 ...................
Let marked price of monthly train pass = Rs. 100
When discount of 20% is given, => Selling price of ticket = $$\frac{(100 - 20)}{100} \times 100 = Rs. 80$$
Let cost price = $$Rs. x$$
=> Profit % = $$\frac{80 - x}{x} \times 100 = 44$$
=> $$\frac{80 - x}{x} = \frac{44}{100} = \frac{11}{25}$$
=> $$2000 - 25x = 11x$$
=> $$11x + 25x = 36x = 2000$$
=> $$x = \frac{2000}{36} = $$ Rs. $$55.56$$
If discount is 29%, => Selling price = $$\frac{(100 - 29)}{100} \times 100 = Rs. 71$$
=> Profit % = $$\frac{71 - 55.56}{55.56} \times 100$$
= $$\frac{1544}{55.56} \approx 27.8\%$$
=> Ans - (D)
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