Peter bought an item at 20% discount on its original price.

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Peter bought an item at 20% discount on its original price. He sold it with 40% increase on the price he bought it. The new sale price is greater than the original price (in per cent) by

1. 10
2. 8
3. 7.5
4. 12

Correct Option: D

Let the original price of item be Rs. 100.
C.P. for Peter = Rs. 80

S.P. for Peter = Rs.		80 × 140		= Rs. 112
		100

∴ Required per cent =	(112 − 100) × 100	= 12%
	100