Paul sold an item for Rs.3600/- and incurred a loss of 40%. At what price should he have sold the item to have gained a profit of 40%?  Choose the correct option
A) 8000  B) 8200  C) 8400  D) 8600  E) 8800
Explanation:   40% loss means SP = 60% of CP   :. CP = Rs.3600x100/60 = Rs.6000.   The SP for a gain of 40% = 6000+40% of 6000 = 6000+2400= 
<gadget id="calculator">6000+2400</gadget>
<output>8_400</output>
Rs8400.   Answer: Option 8400
<result>C</result>
Paul sold an item for Rs.3600/- and incurred a loss of 40%. At what price should he have sold the item to have gained a profit of 40%?