A retailer has some earrings that cost him $6 each. He wants to sell them at a profit of 75% of the cost. What should be the selling price of the earrings?
A) $18.50
B) $11.50
C) $8.50
D) $10.50
E) none of these

Question

Quizplus · Accepted Answer

To find the selling price, we need to add the profit to the cost:
Profit = 75% * $6 = $4.50
Selling price = Cost + Profit = $6 + $4.50 = $10.50
Therefore, the selling price should be $10.50. Option D is the correct answer.

A Retailer Has Some Earrings That Cost Him $6 Each