Mitesh sold a watch to Banta at 20% profit and Banta sold it to Ritesh at a gain of 10%. If Ritesh bought the watch for Rs. 3960, then at what price did Mitesh purchase the watch?

1
Rs. 3000
2
Rs. 3900
3
Rs. 3600
4
Rs. 3500
5
Rs. 3400

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