Question

A merchant fixes the sale price of his goods at 42% above the cost price. He sells his goods at a 15% discount marked price. His percentage of profit (rounded off to the nearest integer) is:

Let CP 100 MP CP 100PL100-D 142100 100x85 100x 120.7 So P 21 rounded off to the nearest integer

A 21%

B 35%

C 27%

D 42%

Detailed Solution