A loss of 25% is incurred in selling an item for Rs. 2400. What should be the selling price if there should be a profit of 25%?

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A loss of 25% is incurred in selling an item for Rs. 2400. What should be the selling price if there should be a profit of 25%?
1. Rs. 4000
2. Rs. 2700
3. Rs. 3600
4. Rs. 4200

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Correct Answer - Option 1 : Rs. 4000

SP of the article = Rs. 2400

⇒ CP of the article = Rs. 2400 × 100/75 = Rs. 3200

New selling price of the article = Rs. 3200 × 125/100 = Rs. 4000