Jacob is a merchant who deals with the handicraft made up of woods and export it to other countries. He used to purchase the item from the local vendors and transport it to other countries. If he buys the item at 32% off the list price and wants to make the profit of 25% after allowing a discount of 20% to the retailers. At what percent above the list price should he mark the mark price of the item?

Jacob is a merchant who deals with the handicraft made up of woods and

1.	Jacob is a merchant who deals with the handicraft made up of woods and export it to other countries. He used to purchase the item from the local vendors and transport it to other countries. If he buys the item at 32% off the list price and wants to make the profit of 25% after allowing a discount of 20% to the retailers. At what percent above the list price should he mark the mark price of the item?
A.	6.25%
B.	14%
C.	7.30%
D.	8.260%
E.	None of these
Answer» B. 14%