2 years ago in Profit & Loss

A fruit seller buys some oranges and by selling 40% of them he realizes the cost price of all the oranges. As the oranges being to grow over-ripe, he reduces the price and sells 80% of the remaining oranges at half the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is:

[A] 80
[B] 84
[C] 94
[D] 96
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