Correct Answer: 658

Solution : Given:
1. DAME is coded as 2976
2. TIME is coded as 9254
3. SAPE is coded as 8369
4. MOST is coded as 1523

After comparing each letter of the word and numbers, we get –
In words 1, 2 and 4, M and 2 are common.
In words 1, 2 and 3, E and 9 are common.
In words 1 and 3, A and 6 are common.
In words 3 and 4, S and 3 are common.
In words 2 and 4, T and 5 are common.
The remaining words and code in word 1 are D and 7 ; in word 2 are I and 4 ; in word 3 are P and 8 ; in word 4 are O and 1 .
Finally, M ⇒ 2; E ⇒ 9; A ⇒ 6; S ⇒ 3; T ⇒ 5; D ⇒ 7; I ⇒ 4; P ⇒ 8; O ⇒ 1

So, the code for ATP will be 658. Hence, the second option is correct.