A merchant marks his goods up by 20% and then offers a discount of 10% on the marked price. What % profit does the merchant make after the discount? Choose the correct choice from the following:	A) 8%	B) 10%	C) 21%	D) 15%	E) 17%
Let the price be 100.   The price becomes 120 after a 20% markup.   Now a discount of 10% on 120.   Profit=108-100   8%   answer 8%
<result>A</result>
A merchant marks his goods up by 20% and then offers a discount of 10% on the marked price. What % profit does the merchant make after the discount?