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 20%. What was its profit on the items sold in February?  Pick one.
A) 20%	B) 30%	C) 35%	D) 37.5%	E) 40%
20%ssume 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= 0.8*150= 
<gadget id="calculator">0.8*150</gadget>
<output>120</output>
120x   Hence total profit= 20%   Option 20%
<result>A</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 20%. What was its profit on the items sold in February?