The cost of a good sold by a seller is $7,500.The selling cost involved in the sale is $150 and the selling price is $8,250.The buyer's profit is $150.The seller's profit is _____.

Question

Quizplus · Accepted Answer

The seller's profit is calculated by subtracting the total cost (cost of goods + selling cost) from the selling price. Total cost = $7,500 (cost of goods) + $150 (selling cost) = $7,650. Selling price = $8,250. Therefore, seller's profit = $8,250 - $7,650 = $600.

The Cost of a Good Sold by a Seller Is