A sells an article to B at a 20% profit. B then sells it to C at 5% loss. C then sells it to D at 15% profit. If A had directly sold the article to D such that cost price to D remains the same in both the cases, what would have been A’s profit/loss in percentage?

1
24.7%
2
31.1%
3
34.7%
4
41.1%

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