A photography dealer ordered 75 Model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer’s initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer's initial cost. What was the dealer's approximate profit or loss as a percent of the dealer’s initial cost for the 75 cameras?	Choose the correct choice from the following answers:
A) 7% loss
B) 13% loss
C) 7% profit
D) 13% profit
E) 14.4% profit
Total cost 75*($250/1.2)=62.5*250;   # of cameras sold is  60-6= 
<gadget id="calculator"> 60-6</gadget>
<output>54</output>
54 total revenue is 69*250;   # of cameras returned is 6 total refund 6*(250/1.2)*0.5;   So, total income 69*250+ 6*(250/1.2)*0.5   The dealer's approximate profit is   (69*250+ 6*(250/1.2)*0.5-62.5*250)/(62.5*250)*100= 
<gadget id="calculator">  (69*250+ 6*(250/1.2)*0.5-62.5*250)/(62.5*250)*100</gadget>
<output>14.4</output>
14.4%   Answer: 14.4% profit.
<result>E</result>
A photography dealer ordered 75 Model X cameras to be sold for $250 each, which represents a 20 percent markup over the dealer’s initial cost for each camera. Of the cameras ordered, 6 were never sold and were returned to the manufacturer for a refund of 50 percent of the dealer's initial cost. What was the dealer's approximate profit or loss as a percent of the dealer’s initial cost for the 75 cameras?