The Math Behind Reselling Exclusive Sneakers

Sneaker culture has taken the fashion world by storm, with enthusiasts willing to pay top dollar for exclusive releases. Recently, a limited-edition pair of sneakers designed by a high-end collaboration between Nike and a celebrity designer became the highlight of every collector’s wishlist. One lucky buyer purchased a pair at its retail price and later resold it in the booming resale market for a profit.

Word Problem

A collector purchased a pair of limited-edition sneakers for \$200 and resold it for \$320 after a few months. However, the collector had to pay a \$10 shipping fee and a 5% resale platform fee on the selling price.

Question: What was the collector’s percentage profit after accounting for the additional costs?

Options:
A) 40%
B) 42.5%
C) 44.76%
D) 46%

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