A boy sold his bicycle for $2400 and earned 20% profit. What was the original price (the price without the profit) of the bicycle?

(A) $1940

(B) $1960

(C) $1980

(D) $2000

(E) $2020

Solution: 

A boy sold his bicycle for $2400 and earned 20% profit. What was the original price (the price without the profit) of the bicycle?


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