A trader marked the price of an item 40% above the cost price. He allowed two successive discounts of 20% and 25% to a customer. If he incurred a loss of ₹224, at what price did he sell the item to that customer?
- AOption (a)
₹1,276
- BOption (b)
₹1,167
- COption (c)
₹1,176
- DOption (d)
₹1,166
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Correct answer
₹1,176