Peter bought an item at 20% discount on its original price. He sold it with 40% increase on the price he bought it. The sale price is by what percent more than the original price?	Answers
A) 7.2	B) 7.5	C) 10	D) 12	E) None
Sol.   Let the original price be Rs. 100. Then, C.P. = Rs. 80.   S.P. = 140% of Rs. 80 = Rs. [112-100%] = 12%.   Answer 12
<result>D</result>
Peter bought an item at 20% discount on its original price. He sold it with 40% increase on the price he bought it. The sale price is by what percent more than the original price?