A merchant marks his goods up by 20% and then offers a discount of 5% on the marked price. What % profit does the merchant make after the discount?  Choose the correct choice from the following options
A) 8%  B) 6 %  C) 21%  D) 14%  E) 17%
Let the price be 100.   The price becomes 120 after a 20% markup.   Now a discount of 5% on 120.   Profit=114-100   14%   answer 14%
<result>D</result>
A merchant marks his goods up by 20% and then offers a discount of 5% on the marked price. What % profit does the merchant make after the discount?