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
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%