Correct option is C
Given:
Marked price of an article= Rs550
Discount given =40%
Selling price is 10% more than Cost Price
Solution:
Marked price of article= Rs 550
Selling price of article = 550 -40%of 550 =550-220 =Rs. 330
If SP is 10% more than Cost Price
Let Cost Price be 100
Then 10% of Cost Price is 10% of 100 = 10
Selling Price = 100+10 =110
But
Cost price of article is Rs. 300