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    Question

    The marked price of a product is Rs.320 more than the

    cost price. If 15% discount offered on the marked price and the profit percent on that product is 27.5%, then find the cost price of the product.
    A Rs.520 Correct Answer Incorrect Answer
    B Rs.480 Correct Answer Incorrect Answer
    C Rs.600 Correct Answer Incorrect Answer
    D Rs.640 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the CP of the product be Rs.x   And MP = Rs.(320 + x)   According to question,   => (x × 27.5/100) = [(x + 320) × 85/100]   => (x × 27.5) = [(x + 320) × 85]   => x = Rs.640

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