A person marked his goods at a price that would give him 40% profit. But he declared a sale and allowed 20% discount on the marked price. What is the profit percentage of the person in the whole transaction?

A person marked his goods at a price that would give him 40% profit. B

1.	A person marked his goods at a price that would give him 40% profit. But he declared a sale and allowed 20% discount on the marked price. What is the profit percentage of the person in the whole transaction?
A.	20%
B.	30%
C.	32%
D.	12%
Answer» E.

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A person marked his goods at a price that would give him 40% profit. But he declared a sale and allowed 20% discount on the marked price. What is the profit percentage of the person in the whole transaction?

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