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ATQ,
Let the cost price of the article be Rs. ‘20x’. So, the marked price of the article = 1.6 × 20x = Rs. ‘32x’. Selling price of the article = 0.75 × 32x = Rs. ‘24x’. ATQ, 24x – 20x = 120 Or, 4x = 120 Or, x = 30 So, the cost price of the article = 20x = 20 × 30 = Rs. 600.
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