$A$ manufacturer sells an article to a wholesale dealer at a profit of $20 \%$. The wholesale dealer sells it to a retail merchant at a loss of $5 \%$. Find out the resultant profit or loss.

  • A
    $14 \%$ loss
  • B
    $14 \%$ gain
  • C
    $12 \%$ gain
  • D
    None of these

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