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% .