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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…

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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?
  • A3%
  • B6%
  • C9%
  • D12%
Correct answer: D

Discussion 1

0
CCommunity
12%

Original price = 100
CP = 80
S = 80*(140/100) = 112
100 - 112 = 12%