Nilesh sold an item for Rs.6400/- and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%?  Choose one: A) Rs.7800 B) Rs.9600 C) Rs.8750 D) Rs.8760 E) None of these
Explanation:   20% loss means SP = 80% of CP   :. CP = Rs.6400x100/80 = Rs.8000.   The SP for a gain of 20% = 8000+20% of 8000 = 8000+1600= 
<gadget id="calculator">8000+1600</gadget>
<output>9_600</output>
Rs9600.   Answer: Option Rs.9600
<result>B</result>
Nilesh sold an item for Rs.6400/- and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%?