Answer: (4) 1653

Solution:

Cost price = C 

87% of C = selling price

0.87C = S

now if the Selling price is 551 more then it becomes 116% of cost price

now 0.87C+ 551 = 1.16 C

0.29C = 551

C= 1900

Hence the current selling price is 87% of 1900 = 1653