Suppose the Price of a Silk Tie Rises from $45

question 112

Multiple Choice

Suppose the price of a silk tie rises from $45 to $55. Using the midpoint method, what is the percentage change in price?

• A) 20 per cent
• B) 100 per cent
• C) 10 per cent
• D) -10 per cent
• E) -20 per cent

---

Definitions:

Eco-branding Strategy

A branding approach that emphasizes environmental responsibility and sustainability in the marketing of products or services.

Renewable

Resources or energy sources that can be replenished naturally over a short period of time.

Recycled Packaging

Packaging materials that have been recovered or diverted from the waste stream, reprocessed into new materials, and then reused in packaging.

Marketing Department

A division within a company focused on developing and implementing strategies to promote and sell the company's products or services.