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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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