A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is:	Select
A) 20% B) 18% C) 16% D) 12% E) None of these
Let the CP = 100 Rs.   Mark Price = 140   12%iscount = 20%   Selling price 80/100 × 140   Hence profit = 12%   Answer: 12%.
<result>D</result>
A merchant marks his wares 40% more than the real price and allows 20% discount. His profit is: