Jagat Singh sold an article for Rs. 6,000 and incurred a loss. Had he sold it for Rs. 7,400, his profit would have been \(\frac{2}{3}\) of the amount of loss that he incurred. At what price should he sell it to gain 25% profit?
1
Rs. 8,550
2
Rs. 7,500
3
Rs. 8,500
4
Rs. 7,550