A shopkeeper had 4 handbags which were of the same cost price. He sold 3 of them at 40% more than the cost price. He sold the fourth handbag at cost price. He received $260 altogether. Find the cost price

A shopkeeper had 4 handbags which were of the same cost price. He sold 3 of them at 40% more than the cost price. He sold the fourth handbag at cost price. He received $260 altogether. Find the cost price of each handbag.

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