A dealer marks an article 40% above the cost price and sells it to a customer, allowing two successive discounts of 20% and 25% on the marked price. If he suffers a loss of ₹ 140, then the cost price (in ₹) of the article is:

875

Let CP = Rs. 100

Let the MP of the article = 100 × \(\frac{7}{5}\) = Rs. 140

Discounts = 20% and 25%

SP of the article = 140 × \(\frac{80}{100}\) × \(\frac{75}{100}\)  = Rs. 84

Loss = 100 – 84 = 16

16 = 140

1 = \(\frac{140}{16}\)

CP of the article = \(\frac{140}{16}\) × 100 = Rs. 875