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A certain retailer increases the cost of a specific piece of furniture by $1240. Let's assume the wholesale price for this dining room table is $800. What percent profit will the retailer realize?

The realized profit is the amount of money remaining after paying off the wholesale price. In this case, it should be expressed as a percent of the wholesale price.

(1)  What is the price tag on the table (the price including the mark-up)?
$

(2)  What is the percent profit?
%
Note: Enter as a percent, not as a decimal value.