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ATQ;
Let the cost price of the product = Rs. ‘x’
Selling price of the product for the first trader = Rs. ‘1.18x’
Selling price of the product for the second trader = Rs. ‘1.14x’
ATQ;
(1.18x – 1.14x) = 32
Or, 0.04x = 32
So, x = 32 / 0.04 = 800
Therefore, cost price of the product = Rs. 800
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