A cycle is bought for Rs.1120 and sold for Rs.1200, find the gain percent?  Choose the correct choice from the following.
A) 7 %	B) 2 %	C) 6 %	D) 1 %	E) 8 %

Rationale: "explanation : 1120 - - - - 80 100 - - - - ? = > 7 % answer : a"
Answer: A