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A retailer buys a watch for $300 and sells it at a profit of 15%. What is the selling price?

Practice Questions

1 question
Q1
A retailer buys a watch for $300 and sells it at a profit of 15%. What is the selling price?
  1. $345
  2. $350
  3. $360
  4. $375

Questions & Step-by-step Solutions

1 item
Q
Q: A retailer buys a watch for $300 and sells it at a profit of 15%. What is the selling price?
Solution: Selling Price = Cost Price + Profit = $300 + ($300 * 0.15) = $300 + $45 = $345.
Steps: 0

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