Quantitative Aptitude Profit and Loss Discount and MP

A shopkeeper sells an item for ₹1,638 after offering a discount of 16% on its list price. Had he not offered any discount, he would have earned a profit of 30%. What is the cost price (in ₹) of the article?

1

1,500

2

1,425

3

1,400

4

1,450

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