A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:

A merchant fixes the sale price of his goods at 15 % above the cost pr

1.	A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
A.	$$1{1 over5}$$
B.	$$2{1 over5}$$
C.	$$2{1 over2}$$
D.	2
Answer» B. $$2{1 over5}$$

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A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:

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