CONCEPTS: The basics of Profit/Loss have been applied in the question.


His cost of the car is $8,000.
15% of 8,000 =$1,200,
Hence the Selling price(SP) should be
=Cost Price(CP) +Profit
= $9,200.

We have to find a sticker price so that a 20% discount gives him $9,200 as SP
Let y be the sticker price.
If the sticker price is discounted 20%, then 80% of the sticker price remains.

So, we need to find y such that
 =>y=$11,500.(OPTION D)