An uneducated retailer marks all his goods at 65% above the cost price and thinking that he will still make 25% profit, offers a discount of 25% on the marked price. What is his actual profit on the sales?  Choose the correct choice
A) 12.50 % B) 13.50 % C) 14 % D) 23.75 % E) none

Rationale: "sol . let c . p . = rs . 100 . then , marked price = rs . 165 . s . p . = 75 % of rs . 165 = rs . 123.75 . ∴ gain % = 23.75 % . answer d"
Answer: D