# SOLUTION: A retailer pays \$120 for a stereo and sells it for \$195. The retailer's profit is what percent of the price he paid for the stereo?

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 Question 23170: A retailer pays \$120 for a stereo and sells it for \$195. The retailer's profit is what percent of the price he paid for the stereo? Answer by stanbon(57387)   (Show Source): You can put this solution on YOUR website!He gained 195-120 = \$75 on the sale. Divide 75 by 120 and you will get the percent profit. Cheers, Stan H.