Tick Tock, a Small Retailer of a Quality Alarm Clock

question 102

Multiple Choice

Tick Tock, a small retailer of a quality alarm clock, sells its product based on a 35 percent markup of cost. If the firm's product costs are approximately $133, what is the selling price?

• A) $138
• B) $198
• C) $180
• D) $289

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Definitions:

National Academies

Prestigious organizations that provide expert advice on scientific, engineering, and medical issues, often made up of leading experts in their fields.

Substance Use Disorder

A problem characterized by loss of control over usage, social impairment, risky use, and tolerance and withdrawal symptoms.

Oppositional Defiant Disorder

A psychological disorder characterized by a persistent pattern of defiant, disobedient, and hostile behavior towards authority figures.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act.