Question

The selling price of a television is​ $1,600 and the cost to the retailer is​ $225. what is the​ retailer's gross profit from the sale of the​ television?

Answer 1

Find the gross profit fro the sale of the television:
Gross profit = Sales - Cost of goods sold
Gross profit = $1,600 - $225
Gross profit = $1,375

The gross profit of a sale is the profit from sales minus the cost it took to produce/complete the item or service.