A furniture dealer purchased a desk for $180 and then set the selling price equal to the purchase price plus a markup that was 40% of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk?  Choose the most appropriate option:
A) $40	B) $60	C) $80	D) $120	E) $100
Purchase price = 180   Selling price = x   180 + 0.4*x = x   0.6*x = 180   x = 300   Profit = 300 - 180= 
<gadget id="calculator">300 - 180</gadget>
<output>120</output>
120   ANSWER:$120
<result>D</result>
A furniture dealer purchased a desk for $180 and then set the selling price equal to the purchase price plus a markup that was 40% of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer's gross profit from the purchase and the sale of the desk?