A trader makes a profit of 5% by selling his goods. What will be the percentage of his profit if both his purchase price and the selling price increase by 20%.

A trader makes a profit of 5% by selling his goods. What will be the p

1.	A trader makes a profit of 5% by selling his goods. What will be the percentage of his profit if both his purchase price and the selling price increase by 20%.
A.	5%
B.	8%
C.	6%
D.	10%
Answer» B. 8%

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A trader makes a profit of 5% by selling his goods. What will be the percentage of his profit if both his purchase price and the selling price increase by 20%.

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