What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit?

20%
14%
28%
12%

Correct Answer: 12%

Explanation:

Initially :
CP =100
SP = 140 (Since profit = 40 %)
New price :
CP =100
SP = 140 - 20% = 112
MP = 140
Profit % = [(112 - 100 )/100] = 12 %

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