A retailer purchased stock for his store for $9,300. He sold the goods for 33 1/3% more than what he paid for them, but lost 15% of the total selling price due to bad debts. The net profit on the sale was:

3. A retailer purchased stock for his store for $9,300.00. He sold the goods for 33 I [3% more than what he paid for them. but lost 15% of the total selling price due to bad debts. The net profit on the sale was: A. $10,540.00 8. $3,100.00 C. 15% D. $1,240.00