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 7%. What was its profit on the items sold in February? Select the correct option.
A) 27.5%	B) 30%	C) 35%	D) 39.5%	E) 40%
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= 0.93*150= 
<gadget id="calculator">0.93*150</gadget>
<output>139.5</output>
139.5x   Hence total profit= 39.5%   Option 39.5%
<result>D</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 7%. What was its profit on the items sold in February?