Arvind purchased a wristwatch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his per cent loss on the labelled price?

Arvind purchased a wristwatch with 30% discount on the labelled price.

1.	Arvind purchased a wristwatch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his per cent loss on the labelled price?
A.	2%
B.	6%
C.	4%
D.	8%
Answer» B. 6%

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