Choose the option that is the correct indirect form of the sentence.

Ravi said, “I may sell this tie.”

Ravi said that he might sell that tie.

The correct indirect form of the sentence "Ravi said, 'I may sell this tie.'" is Ravi said that he might sell that tie.

The other options are incorrect:

• Ravi said that he may sell that tie. This is incorrect because the modal verb "may" should be "might" to match the past tense.
• Ravi said that I might sell that tie. This is incorrect because the pronoun "I" should be "he" to match the speaker.
• Ravi said that he should sell this tie. This is incorrect because the modal verb "should" suggests an obligation or recommendation, which is not the meaning of the original sentence.