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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 pri
Question

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. )?

A.

220

B.

330

C.

300

D.

200

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

110330110\equiv 330​​

110unit=Rs.3110 unit= Rs. 3​​

100unit=300100 unit = 300​​

Cost price of article is Rs. 300

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