Stota Co. is a retailer of high-definition televisions. Typically, the company purchases a television for $1,000 and sells it for $1,250. What is the...

Stota Co. is a retailer of high-definition televisions. Typically, the company purchases a television for $1,000 and sells it for $1,250. What is the gross profit margin on this television?

Select one:

a. 80%

b. $250

c. 25%

d. 20%