Shyam purchased a packet of 16 pens and got 4 pens free with it. He marked the price 20% more than the CP. If he did not allow any discount and sold all the 20 pens at this price, then what was his profit percentage?

1
\(37 \frac{1}{2} \%\)
2
50%
3
36%
4
48%

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