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ATQ;
Let the cost price of the item = Rs. ‘x’
Selling price of the item for the first businessman = Rs. ‘1.35x’
Selling price of the item for the second businessman = Rs. ‘1.27x’
ATQ;
(1.35x – 1.27x) = 56
Or, 0.08x = 56
So, x = 56 / 0.08 = 700
Therefore, cost price of the item = Rs. 700
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