An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the

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An electronics store purchased a CD player at a wholesale price of 60$ and then sold it at a 40 percent discount off the original retail price. If the store made a 25 percent profit on the wholesale price of the CD player, what was the store's profit as a percent of the original retail price?

A. 10%
B. 12%
C. 15%
D. 18%
E. 20%

Answer: B

Source: GMAT Prep
Source: — Problem Solving |