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1. A merchant marks his goods 40% above the cost price and sell them at a discount of 15%. Find his gain % = ?

A. 25%

B. 22%

C. 19%

D. 20%

Solution:

Let the cost price = 100 units
Marked price = 140 units
Selling price = 140 ×

\frac{85}{100}

= 119

\begin{aligned} Profit % = \frac{19}{100} \times 100 \\ = 19 % \end{aligned}

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