A merchant marks his goods up by 40% and then offers a discount of 20% on the marked price. What % profit does the merchant make after the discount?
Choose the correct choice
A) 12% B) 10% C) 21% D) 15% E) 17%
Let the price be 100.   The price becomes 140 after a 40% markup.   Now a discount of 20% on 140.   Profit=112-100   12%   answer 12%
<result>A</result>
A merchant marks his goods up by 40% and then offers a discount of 20% on the marked price. What % profit does the merchant make after the discount?