A merchant buys cloth at Rs. 1.6 per meter.At what price per meter should be marked on the cloth so that he may sell it at a discount of 20%form the marked price and still make a profit of 20% of the selling price:

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A merchant buys cloth at Rs. 1.6 per meter.At what price per meter should be marked on the cloth so that he may sell it at a discount of 20%form the marked price and still make a profit of 20% of the selling price:

Rs. 2.40

Rs. 2.50

Rs. 2

Rs. 2.24