In 2008, the profits of Company N were 10 percent of revenues. In 2009, the revenues of Company N fell by 20 percent, but profits were 12 percent of revenues. The profits in 2009 were what percent of the profits in 2008?
Choose the correct option
A) 80%  B) 105%  C) 120%  D) 96%  E) 138%
x = profits   r= revenue   x/r = 0,1   x= 10   r=100   2009:   r=80   x/80 = 0,12 = 12/100   x= 80*12/100= 
<gadget id="calculator">80*12/100</gadget>
<output>48/5 = around 9.6</output>
9.6   9.6/10= 
<gadget id="calculator">9.6/10</gadget>
<output>0.96</output>
0.96= 96%, Answer 96%
<result>D</result>
In 2008, the profits of Company N were 10 percent of revenues. In 2009, the revenues of Company N fell by 20 percent, but profits were 12 percent of revenues. The profits in 2009 were what percent of the profits in 2008?