Task: Question Answering
Input (English): Problem: a merchant sells an item at a 20 % discount, but still makes a gross profit of 40 percent of the cost. what percent of the cost would the gross profit on the item have been if it had been sold without the discount ?
Options: a. 20 %, b. 40 %, c. 50 %, d. 60 %, e. 75 %
Output (English): e