A tradesman marks his goods at 40% above its cost price and allows purchasers a discount of 25% on cash payment. The profit, he thus makes, is

A tradesman marks his goods at 40% above its cost price and allows pur

1.	A tradesman marks his goods at 40% above its cost price and allows purchasers a discount of 25% on cash payment. The profit, he thus makes, is
A.	5%
B.	10%
C.	12.5%
D.	20%
E.	16%
Answer» B. 10%

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A tradesman marks his goods at 40% above its cost price and allows purchasers a discount of 25% on cash payment. The profit, he thus makes, is

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