Mathematics
NULL
Medium
Question
A trader buys a car at 20% off original price and sells it 40% above his purchase price. What percent profit is that on the original price?
A
0.1
B
0.11
C
0.12
✓ Official correct answer
D
0.15
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
0.1
No member explanations yet for this option.
B
0.11
No member explanations yet for this option.
C
0.12
No member explanations yet for this option.
D
0.15
No member explanations yet for this option.
Explanation
Buy 0.8P, sell 1.12P ⇒ profit on original = 12% (option 0.12).