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      Question

      The marked price of a product is Rs.280 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.480 Correct Answer Incorrect Answer
      B Rs.560 Correct Answer Incorrect Answer
      C Rs.600 Correct Answer Incorrect Answer
      D Rs.500 Correct Answer Incorrect Answer

      Solution

      Let the CP of the product be Rs.x And MP = Rs.(280 + x) According to question, => (x × 127.5/100) = [(x + 280) × 85/100] => (x × 127.5) = [(x + 280) × 85] => x = Rs.560

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