A retailer buys goods worth $15,000 from a manufacturer and sells them for $18,250.The retailer adds a value of ________ to the production process.

Question

Quizplus · Accepted Answer

The value added by the retailer is the difference between the selling price and the cost price, which is $18,250 - $15,000 = $3,250. Therefore, the correct answer is C. A and D are incorrect because they are either the selling price or a combination of the selling price and the cost price. B is incorrect because it only represents the cost price.

A Retailer Buys Goods Worth $15,000 from a Manufacturer and Sells