ASVAB Armed Services Vocational Aptitude Battery (#66)

Section: Arithmetic Reasoning

A technology reseller purchasing agent procured 20 mid-brand DVD players for the listed wholesale price of $80 each, but receives a 25% discount because he is an established customer and friend of the wholesale dealer. His store then sells these DVD players at a 20% markup above the original wholesale price. What is the store's profit margin on each DVD player?

$16
$72
$20
$36