SSC CPO Tier 1 Exam 27 June 2024 Shift 1

Ramanna purchased raw materials for a certain price to manufacture a product. However, owing to a shortage of labour, 22.5% of the raw materials could not be utilised and got wasted. 80% of the cost of raw materials used was added as the cost of manufacturing. If Ramanna could sell his product at a price to earn an overall profit of 20% after offering a discount of 20%, how many times of the total cost of the raw materials purchased was the marked price of the product?