Question

    The marked price of a product is Rs.300 more than the

    cost price. If 55% discount offered on the marked price and the profit percent on that product is 12.5%, then find the cost price of the product.
    A Rs.200 Correct Answer Incorrect Answer
    B Rs.300 Correct Answer Incorrect Answer
    C Rs.400 Correct Answer Incorrect Answer
    D Rs.500 Correct Answer Incorrect Answer

    Solution

    Let the CP of the product be Rs.x   And MP = Rs.(300 + x)   According to question,   => (x × 12.5/100) = [(x + 300) × 45/100]   => (x × 12.5) = [(x + 300) × 45]   => x = Rs.200

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