Question

A skirt which cost a retailer 75.00 is sold at a profit of 25% of the selling price. What is the profit?

Answer 1

The selling price is obtained by adding the profit to the cost price: 75.00 + (25% * 75.00) = 75.00 + (0.25 * 75.00) = 75.00 + 18.75 = 93.75
The profit is the difference between the selling price and the cost price: 93.75 - 75.00 = 18.75
The profit is $18.75.