A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he make

A shopkeeper marks his sarees at 20% above the cost price and allows the purchaser a discount of 10% for cash buying. What profit percent does he make
1). 18%
2). 12%
3). 10%
4). 8%

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