In 2008, the profits of Company N were 10 percent of revenues. In 2009, the revenues of Company N fell by 20 percent, but profits were 12 percent of revenues. The profits in 2009 were what percent of the profits in 2008?  Select the correct option:
A) 80 %
B) 105 %
C) 120 %
D) 96 %
E) 138 %

Rationale: "x = profits r = revenue x / r = 0,1 x = 10 r = 100 2009 : r = 80 x / 80 = 0,12 = 12 / 100 x = 80 * 12 / 100 x = 9.6 9.6 / 10 = 0.96 = 96 % , answer d"
Answer: D