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

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Question 1041823: 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.
Already know the answer. Just need help figuring out how to solve it :)
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
The VCR's cost $175 each, plus $20 overhead, putting their cost at $195 paid each.
40% of 195=$78 profit on each VCR. ☺☺☺☺