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      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:
      A 21% Correct Answer Incorrect Answer
      B 35% Correct Answer Incorrect Answer
      C 27% Correct Answer Incorrect Answer
      D 42% Correct Answer Incorrect Answer

      Solution

      Let CP =100 MP /CP = (100+P/L)/100-D) 142/100= (100+x)/85 100+x =120.7 So P% = 21% rounded off to the nearest integer

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