Jeevan bought an article with 30 per cent discount on the labelled price. He sold the article with 12 per cent profit on the labelled price. What was his per cent profit on the price he bought?	Select the correct option
A) 40 B) 50 C) 60 D) Data inadequate E) None of these
Let the labelled price of the article = ₹ 100 then   CP = ₹ 70 and SP = ₹ 112.   ∴ Read profit percent = 112−70/70×100   = 42/7×10=60   Answer 60
<result>C</result>
Jeevan bought an article with 30 per cent discount on the labelled price. He sold the article with 12 per cent profit on the labelled price. What was his per cent profit on the price he bought?