The selling price of a television is $1600 and the cost to the retailer is $225. What is the retailer's gross profit from the sale of the television?

Question

Quizplus · Accepted Answer

The retailer's gross profit is the difference between the selling price and the cost to the retailer. In this case, the selling price is $1600 and the cost to the retailer is $225, so the retailer's gross profit is $1600 - $225 = $1375.

The Selling Price of a Television Is $1600 and the Cost