A merchant marks his goods up by 40% and then offers a discount of 10% on the marked price. What % profit does the merchant make after the discount?  Select
A) 21%
B) 26%
C) 69%
D) 31%
E) 19%
Let the price be 100.   The price becomes 140 after a 40% markup.   Now a discount of 10% on 140.   Profit=126-100   26%   answer 26%
<result>B</result>
A merchant marks his goods up by 40% and then offers a discount of 10% on the marked price. What % profit does the merchant make after the discount?