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The cost of diamond varies directly as the square of its weight. Once, this diamond broke into four pieces with weights in the ratio $1: 2 : 3 : 4$. When the pieces were sold, the merchant got $Rs.70,000$ less. Find the original price of the diamond.

  1. $Rs. 1.4$ lakh 
  2. $Rs. 2$ lakh 
  3. $Rs. 1$ lakh 
  4. $Rs. 2.1$ lakh

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