A retailer sets 220% of invoice price as cataloger price and offers 40% off on catalogue price in sales. What is his profit percentage ?
A
24%
B
28%
C
32%
D
36%
Correct Answer: 32%
Discount = 220 - (220x40)/100 = 220 - 88 = 132 So, profit = 132 - 100 = 32%