A person loses 75% of his money in the first bet, 75% of the remaining in the second and 75% of the remaining in the third bet and returns home with Rs. 2 only. His initial money was
A miner sells a diamond to a trader at a profit of 40% and the trader sells it to a customer at a profit of 25%. If the customer pays Rs 56 lakhs to buy the diamond, what had it cost the miner (in Rs lakhs)?