In 1998 the profits of company N were 10 percent of revenues. In 1999, the revenues of company N fell by 20 percent, but profits were 10 percent of revenues. The profits in 1999 were what percent of the profits in 1998? Choose the correct choice from the following answers:
A) 80%
B) 105%
C) 120%
D) 124.2%
E) 138%
0,08R = x/100*0.1R   80%nswer 80%
<result>A</result>
In 1998 the profits of company N were 10 percent of revenues. In 1999, the revenues of company N fell by 20 percent, but profits were 10 percent of revenues. The profits in 1999 were what percent of the profits in 1998?