The selling price of a television is $1,700 and the cost to the retailer is $425....
The selling price of a television is
$1,700
and the cost to the retailer is
$425.
What is the retailer's gross profit from the sale of the television?
A.
$0
B.
$425
C.
$1,275
D.
1,700
Homework Answers
Correct option is c. $1275
Gross profit = Sale - Cost of goods sold
Gross profit = $1700 - $425 = $1275
Add Answer to:
The selling price of a television is
$1,700
and the cost to the retailer is
$425....
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