A shopkeeper marked the price on his article 40% more than that of cost price and was planning to sell the article at 20% discount. Later shopkeeper changed his decision and marked the price on his article 50% more than that of cost price and sold the article on same discount. In this process he saves Rs. 16. Cost price of the article is:

1
Rs. 200
2
Rs. 300
3
Rs. 100
4
Rs. 400

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