A. $120
B. $160
C. $200
D. $240
Mr. Lie buys a book and sells it to Mr. Liu at a gain of 25%. Mr. Liu sells the book to Mr. Lin at a gain of 20%. How much money did Mr. Lie pay for the book, if Mr. Lin pays $360 for it?
360 – 60 = 300
300 – 60 = 240
D. $240