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%

Answer: Option C

Solution(By Examveda Team)

Let the cost price = 100 units
Marked price = 140 units
Selling price = 140 × $$\frac{{85}}{{100}}$$   = 119
$$\eqalign{ & {\text{Profit }}\% = \frac{{19}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 19\% \cr} $$