A craftsman sold his identical handcrafted items at a profit of 20 percent. Had he charged 20 percent more per item, his profit per item would have been $9.6 more. What price did he charge, in dollars, for each item?
A. 24
B. 28.8
C. 40
D. 48
E. 57.6
The OA is D
Source: E-GMAT