Question
A trader marks an article at some price (M rupees). He sells it under two different schemes: Scheme 1: He gives a 20% discount on the marked price and earns a profit of Rs 60. Scheme 2: He gives a 10% discount on the marked price and earns a profit of Rs 105. The cost price of the article is the same in both schemes. What is the cost price of the article?
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