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Exams - CAT

The owner of an art shop conducts his business in the following manner: Every once in a while he raises his prices by X%, then a while later he reduces all the new prices by X%. After one such up-down cycle, the price of a painting decreased by Rs. 441.
After a second up-down cycle the painting was sold for Rs. 1944.81. What was the original price of the painting?

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