Given that the saree is sold for Rs. 2880 with a 10% loss.
When there is a 10% loss, the selling price is 90% of the cost price.
Selling Price=90%×Cost Price
2880=10090×Cost Price
2880=0.9×Cost Price
Cost Price=0.92880
Cost Price=3200
To gain a profit of 20%, the new selling price must be 120% of the cost price.
New Selling Price=Cost Price+20%×Cost Price
New Selling Price=3200+10020×3200
New Selling Price=3200+0.2×3200
New Selling Price=3200+640
New Selling Price=3840
Therefore, the saree should be sold for Rs. 3840 to gain a profit of 20%.