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A merchant earns a profit of 20% by selling a basket containing 80 Oranges whose cost is Rs.240 but he gives one-fourth of it

A merchant earns a profit of 20% by selling a basket containing 80 Oranges whose cost is Rs.240 but he gives one-fourth of it to his friend at cost price and sells the remaining oranges. In order to earn the same profit, at what price must he sell each orange?

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