A merchant marks his goods up by 30% 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) 17%
B) 25%
C) 69%
D) 31%
E) 19%
Let the price be 100.   The price becomes 130 after a 30% markup.   Now a discount of 10% on 130.   Profit=117-100   17%   answer 17%
<result>A</result>
A merchant marks his goods up by 30% and then offers a discount of 10% on the marked price. What % profit does the merchant make after the discount?