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Discussion :: Profit and Loss

  1. 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?
  2. A.
    10%
    B.
    11%
    C.
    12%
    D.
    15%

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    Workspace

    Answer : Option C

    Explanation :

    Original price = 100

    CP = 80

    S = 80*(140/100) = 112

    100 - 112 = 12%


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