Quantitative Aptitude Profit and Loss

X sold a toy to Y at a profit of 50% and Y sold it Z at a loss of 50%. If X purchased this toy for Rs. 12,000, then at what price did Z purchase this toy from Y?

1

Rs. 7,580

2

Rs. 8,500

3

Rs. 8,000

4

Rs. 9,000

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