A dealer buys an article at a discount of 20% on its list price and marks it at 25% above the list price. If he allows a 20% discount on the new list price, then his profit percent is:

A dealer buys an article at a discount of 20% on its list price and ma

1.	A dealer buys an article at a discount of 20% on its list price and marks it at 25% above the list price. If he allows a 20% discount on the new list price, then his profit percent is:
A.	20%
B.	24%
C.	25%
D.	27%
Answer» D. 27%

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A dealer buys an article at a discount of 20% on its list price and marks it at 25% above the list price. If he allows a 20% discount on the new list price, then his profit percent is:

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