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Step-by-step explanation:
Let the Cost price = x
If he sell at 84 then
Profit= selling price - Cost Price
= 84 - x
If he sell at 64 then
Loss= Cost Price - Selling Price
= x - 64
According to question profit is four times of loss
So,
4(x-64) = 84 - x
4x - 256 = 84 - x
4x+x = 84 + 256
5x= 340
x=68
Therefore, the cost price of item is Rs. 68
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