A merchant marks his goods 20% above cost price and allows a discount of 10%. What was his gain percent?

A merchant marks his goods 20% above cost price and allows a discount

1.	A merchant marks his goods 20% above cost price and allows a discount of 10%. What was his gain percent?
A.	5%
B.	6%
C.	7%
D.	8%
Answer» E.

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A merchant marks his goods 20% above cost price and allows a discount of 10%. What was his gain percent?

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