A merchant purchased a jacket for $42 and then determined a selling price that equalled the purchase price of the jacket plus a markup that was 30 percent of the selling price. During a sale, the merchant discounted the selling price by 20 percent and sold the jacket. What was the merchant’s gross profit on this sale?	Choose the correct choice:
A) $ 0
B) $ 3
C) $ 6
D) $ 12
E) $ 15

Rationale: actual cost = $ 42 sp = actual cost + mark up = actual cost + 30 % sp = 42 * 100 / 70 on sale sp = 80 / 100 ( 42 * 100 / 70 ) = 48 gross profit = $ 6 answer is c
Answer: C