"Paul's Guitars Always Sells for Less" Is a Music Store

Multiple Choice

"Paul's Guitars always sells for Less" is a music store in Acoostic, Alberta. Their overhead expenses are 15% of cost. They recently sold a guitar for $675 and the mark-up on that guitar was equal to 22% of the selling price. How much net profit did they realize on that sale?

A) $47.25
B) $69.53
C) $89.55
D) $148.5
E) $215