After a price decrease of 8% of a video player cost 18000 calculate the price before the decrease

Question

A shopkeeper list a product at 25% above the cost price.
If he offers two successive discounts of 16% and 8%, he looses Rs. 51 in this transaction.
When he sells the same product at a straight discount of 24%, what is his lose or gain?

Answer 1

x*(100-8)/100=18000
x=19565.22

Answer 2

(18000 /92) X 100 = 19565.21