$A$ merchant marks an article $20\%$ above cost price. He then sells it at a discount of $20\%$. The sale gives him

  • A
    No loss or gain
  • B
    $4\%\, \text{loss}$
  • C
    $2\%\, \text{gain}$
  • D
    $4\%\, \text{gain}$

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