A salesman is appointed on a basic salary of Rs. 1200 per month and the condition that for sales of Rs. 10000 or above, he will get 50% of the basic salary and 10% of the sale values as a reward. This incentive scheme does not operate for the first Rs. 10000 of sales. What should be the value of sales if he wants to earn Rs. 7600 in a particular month?

1
Rs. 40000
2
Rs. 50000
3
Rs. 60000
4
None of these

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