Savita sold an item for 6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?

10,375
9,750
8,125
Cannot be determined

Correct Answer: 9,750

Explanation:

C.P of article = 6500 * (100/80) = Rs. 8125 S.P for a gain of 20% = (8125*120)/100 = Rs. 9750

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