A retailer set the tag price of an item at $200. On a certain public holiday, the retailer set a 20% discount on the tag price, thinking that he will still make a profit equal to 25% of the price he had originally paid for the item. How much did the retailer originally pay for the item?	Choose the most appropriate option
A) $96	B) $120	C) $128	D) $144	E) $160
Price Tagged : $200   Price after discount = $160 = Original Price + 25% Extra   Original Price = x   So, 1.25 x = 160   or x = 128. Hence, $128
<result>C</result>
A retailer set the tag price of an item at $200. On a certain public holiday, the retailer set a 20% discount on the tag price, thinking that he will still make a profit equal to 25% of the price he had originally paid for the item. How much did the retailer originally pay for the item?