Shiv, a retailer, wants to make a profit of 20% on each set of shoes he sells after availing a discount of 20%. So, during sales, for each dozen of the pair of shoes bought by the shopkeeper 4 pairs are given for free. By what percent must Shiv mark his item above the cost price for his required profit?

1
50%
2
100%
3
150%
4
200%
5
25%

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