Mohan purchased a bag with 20 per cent discount on the labelled

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Mohan purchased a bag with 20 per cent discount on the labelled price. He sold it at 40 percent profit on the price he bought. The percentage of profit on the labelled price is :

1. 20%
2. 12%
3. 18%
4. 24%

Correct Option: B

Let the marked price be Rs. 100.
Mohan’s C.P. = Rs. 80

Mohan’s S.P. =	80 × 140	= Rs. 112
	100

∴ Required profit percent = 12%