A particular store purchased a stock of turtleneck sweaters and marked up its cost by 20%. During the New Year season, it further marked up its prices by 25% of the original retail price. In February, the store then offered a discount of 8%. What was its profit on the items sold in February?	Choose the most appropriate option
A) 27.5%	B) 30%	C) 35%	D) 37.5%	E) 38%
Assume the total price = 100x   Price after 20% markup = 120x   Price after 25%further markup = 1.25*120= 
<gadget id="calculator">1.25*120</gadget>
<output>150</output>
150x   Price after the discount= 0.92*150= 
<gadget id="calculator">0.92*150</gadget>
<output>138</output>
138x   Hence total profit= 38%   Option 38%
<result>E</result>
A particular store purchased a stock of turtleneck sweaters and marked up its cost by 20%. During the New Year season, it further marked up its prices by 25% of the original retail price. In February, the store then offered a discount of 8%. What was its profit on the items sold in February?