Mathematics
Medium
Question
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%
✓ Official correct answer
D
15%
Community credibility
Registered members can vote for the answer they believe is correct today and explain why. If the facts change after an election or news event, suggest a new option so others can vote it up.
A
10%
No member explanations yet for this option.
B
11%
No member explanations yet for this option.
C
12%
No member explanations yet for this option.
D
15%
No member explanations yet for this option.