An Electronics Store Sold a Home Theater System to an Employee

question 104

Multiple Choice

An electronics store sold a home theater system to an employee for $300,even though the retail price was $500.The gross profit percentage is 40%.Such discounts are available to all employees.How much income should be recognized by the employee from these transactions?

• A)$0
• B)$100
• C)$120
• D)$200

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Definitions:

Stream

An abstraction representing a sequence of data elements made available over time, often used for input and output operations in programming.

FileNotFoundException

An exception thrown in Java indicating that an attempt to open the file denoted by a specified pathname has failed because the file does not exist.

FileNotReadyException

A specific type of exception that is thrown when a file is not accessible or ready for processing.

ObjectInputStream

A Java API that allows for deserialization of objects and primitives data types from an InputStream.