SOLUTION: A retail store buys 40 VCRs from a distributor at a cost of $175 each plus an overhead charge of $20 per order. The retail markup is 40% on the total price paid. Find the profit on

Question 1041701: A retail store buys 40 VCRs from a distributor at a cost of $175 each plus an overhead charge of $20 per order. The retail markup is 40% on the total price paid. Find the profit on the sale of one VCR.

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
175*40 = 7000; 7000+20 = 7020
7020/40 = 175.50 is the cost of each
7020*0.4= 2808
7020+2808 = 9828
finally:
9828/40 = 245.70 selling price for each
245.70-175.50 = 70.20 is the profit on each VCR.
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