If a shopkeeper marks the price of goods 40% more than their

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M: +1.00/-0.25

If a shopkeeper marks the price of goods 40% more than their cost price and allows a discount of 40%, then what is his gain or loss percent?

[SSC MTS 9 October 2017 Shift 1]

A 16%, Loss

B 16%, Profit,

C 10%, Loss,

D 12%, Profit,