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 the cost would be the gross profit on the item, if it were sold without discount?

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 the cost would be the gross profit on the item, if it were sold without discount? Correct Answer 50%

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