A merchant sells an item at a 20 percent discount. but still makes a gross profit of 20 percent of the cost.What percent of cost would be gross profit on the item have been if it had been sold without the discount?
Choose the correct option
A) 20%	B) 40%	C) 50%	D) 60%	E) 66.6%
Let the S.P. be 100 Rs.   on giving 20 % discount,,S.p. will be 80Rs.   Profit %=profit*100/C.P.   20=profit*100/C.P.   C.P.=5*profit   C.p.=5*(s.p.-c.p.)   c.p.=5*(80-c.p.)   (c.p./5)+c.p.=80   c.p.=66.66Rs   At no discount,S.P.=100Rs.   C.P.=66.66Rs.   Profit=33.34   Profit%=profit*100/c.p   =33.34*100/66/66   Profit%=50   ANSWER:50%
<result>C</result>
A merchant sells an item at a 20 percent discount. but still makes a gross profit of 20 percent of the cost.What percent of cost would be gross profit on the item have been if it had been sold without the discount?