Question
If Archie sells a ring at a discount of 20% of the usual price, he will make a profit of $164. If he sells it at a discount of 40%, he will still make a profit of $64. Find the cost price of the ring.
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If Archie sells a ring at a discount of 20% of the usual price, he will make a profit of $164. If he sells it at a discount of 40%, he will still make a profit of $64. Find the cost price of the ring.