Let the marked price of the article be 15x
Cost price = 1/3×15x=5x
Selling price = 5x×7/5=7x
ATQ, 15x – 7x = 640
8x = 640
x = 80
Now,
Marked price = 15×80=1200 Rs
Selling price = 1200×2/3=Rs.800
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