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    Question

    A merchant fixes the sale price of his goods at 60%

    above the cost price. He sells his goods at a 25% discount marked price. His percentage of profit (rounded off to the nearest integer) is:
    A 27% Correct Answer Incorrect Answer
    B 26% Correct Answer Incorrect Answer
    C 28% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    Let CP =100 MP /CP = (100+P/L)/(100-D) 160/100= (100+x)/75 100+x =120 x =20% So, P% = 20% 

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