Quantitative Aptitude Algebra Linear Equation in 2 or more Variables

Two partners M and N buy a car. M pays his share of 3/7th of the total cost of the car. M pays Rs. 31,540 less than N. What is the cost of the car?

1
Rs. 2,32,650
2
Rs. 2,03,175
3
Rs. 2,20,780
4
Rs. 1,85,750

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