An article is marked at Rs 550. If it is sold at a discount of 40%, then the selling price becomes 10% more than its cost price. What is the cost price (in Rs)?

Options
a) 300
b) 220
c) 200
d) 330

Solution

As per question
MP = 550 Rs.
40% of discount
S.P = 550 x .60 = 330
Selling price becomes 10% more than its cost price
S.P = C.P x 1.10
330 = C.P x 1.10
C.P = 330 x 1.10
C.P = 300 Rs.

Ans: 300 Rs