A company instead of raising the mark-up...

A company instead of raising the mark-up by `20%` discounted the cost price by `20%` while stiching the price tag on its product. Further the company offers a discount of `6.25%` to its customer. In this process company incurs a loss of Rs. 37.5 on a single article. What is the selling price of that article?

`417.5`

`112.5`

`365.5`

none of these

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A company instead of raising the mark price by 20%, discounted the cost price by 20% while stitching the price tag on its product. Further the company offers a discount of 6.25% to its costomer. In this process company incurs a loss of Rs 37.5 on a single article. What was the selling price of that article.

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