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Marked price = 1.5 × (12n + 240) = Rs. (18n + 360)
Selling price = (18n + 360) - (4n + 80) = Rs. (14n + 280)
Profit = (14n + 280) - (12n + 240) = Rs. (2n + 40)
So, 2n + 40 = 1,600
Or, 2n = 1,560
Or, n = 780
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