A cloth merchant sold half of his cloth at $20 \%$ profit, half of the remaining at $20 \%$ loss and the rest was sold at the cost price. In the total transaction, his gain or loss will be

  • A

    Neither loss nor gain

  • B

    $5 \%$ loss

  • C

    $5 \%$ gain

  • D

    $10 \%$ gain

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