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Penny agrees to sell Scott 5,000 widgets at a price of $1.00 per widget. After Scott breaches the contract, Penny resells the widgets for $1.20

Penny agrees to sell Scott 5,000 widgets at a price of $1.00 per widget. After Scott breaches the contract, Penny resells the widgets for $1.20 per widget in a public sale. What amount does Penny owe Scott?

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