The discount offered on a product is 20 and the profit earned on that product is 27 5 If the marked ...........

Quantitative Aptitude(IBPS RRB CL) Profit and loss

The discount offered on a product is 20% and the profit earned on that product is 27.5%. If the marked price of that product is Rs. 637.50, then what is the cost price of that product?

Rs. 360

Rs. 400

Rs. 420

Rs. 440

None of these

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Explanation:

The marked price of the product is Rs. 637.50
selling price of that product after 20% discount = 0.8 * 637.50 = Rs. 510
profit earned = 27.5%
cost price of article = (510 / 127.5) * 100
= Rs. 400