A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?



A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?

A . 10 %

B . 11 %

C . 12 %

D . 15 %

Answer : C . 12 %


Explanation:

    Original price = 100
    Cost Price = 80
    Selling Price = 80 * (140 / 100) = 112
    100 – 112 = 12% .


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