A merchant marks his goods up by 40% and then offers a discount of 15% on the marked price. What % profit does the merchant make after the discount?
Choose the correct option.
A) 21%
B) 25%
C) 69%
D) 31%
E) 19%
Let the original price be 100.   After 40% markup, price = 140   After 15% discount on this marked-up price, price = 140 - (15% of 140) = 140 - 21= 
<gadget id="calculator">140 - 21</gadget>
<output>119</output>
119   Final profit= ((119-100) / 100) * 100= 
<gadget id="calculator">((119-100) / 100) * 100</gadget>
<output>19</output>
19%   Option 19%
<result>E</result>
A merchant marks his goods up by 40% and then offers a discount of 15% on the marked price. What % profit does the merchant make after the discount?