Bill made a profit of 10% by selling a product. If he had purchased that product for 10% less and sold it at a profit of 30%, he would have received $56 more. What was his original selling price? Select.
A) $880
B) $950
C) $1100
D) $1240
E) $1360
Let P be the original purchase price of the product.   Bill originally sold the product for 1.1*P.   In the second scenario, the purchase price is 0.9*P.   A 30% profit means the selling price would be 1.3*0.9*P = 1.17*P   Thus, according to the information in the question, 1.17P - 1.1P = 56   0.07 = 56   P = 800   The original selling price was  800*1.1= 
<gadget id="calculator"> 800*1.1</gadget>
<output>880</output>
880.   The correct answer is $880.
<result>A</result>
Bill made a profit of 10% by selling a product. If he had purchased that product for 10% less and sold it at a profit of 30%, he would have received $56 more. What was his original selling price?