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    Question

    The marked price of a product is Rs.240 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.450 Correct Answer Incorrect Answer
    B Rs.400 Correct Answer Incorrect Answer
    C Rs.480 Correct Answer Incorrect Answer
    D Rs.500 Correct Answer Incorrect Answer

    Solution

    Let the CP of the product be Rs.x And MP = Rs.(240 + x) According to question, => (x × 27.5/100) = [(x + 240) × 85/100] => (x × 27.5) = [(x + 240) × 85] => x = Rs.480

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