A loss of 12.5% is incurred when an article is sold for ₹630. What is the profit or loss percentage if the article is sold for ₹840?

1
Profit of 16\(2 \over 3\) %
2
Loss of 11\(2 \over 3\)%
3
Loss of  6\(1 \over 3\)%
4
Profit of 21\(1 \over 3\)%

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