A merchant marks goods up by 75% and then offers a discount on the marked price. The profit that the merchant makes after offering the discount is 5%. What % discount did the merchant offer?
Choose the correct choice from the following options: A) 20% B) 25% C) 35% D) 40% E) 45%
Let P be the original price of the goods and let x be the rate after the markup.   (1.75P)*x = 1.05P   x = 1.05/1.75= 
<gadget id="calculator">1.05/1.75</gadget>
<output>0.6</output>
0.6 which is a discount of 40%.   The answer is 40%.
<result>D</result>
A merchant marks goods up by 75% and then offers a discount on the marked price. The profit that the merchant makes after offering the discount is 5%. What % discount did the merchant offer?