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

---

Definitions:

Fail

The lack of success in achieving or accomplishing a desired goal or standard.

Habit

A settled or regular tendency or practice, especially one that is hard to give up.

Harm

Physical injury or damage to someone's physical or emotional well-being, often a result of actions or events that negatively affect the individual.

Self-monitor

The act of observing and regulating one's own behavior in social situations to ensure it aligns with social norms or expectations.