If the Cost of One Unit of Product Is $12

question 33

Short Answer

If the cost of one unit of product is $12 and the store sells the product for $22, what is the markup percentage?
32 percent
41 percent
45 percent
21 percent
66 percent

---

Definitions:

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Tax Code

The laws and regulations governing the taxation process in a country.

Saving

The portion of income not spent on consumption but rather set aside for future use or investment.

Time Inconsistency

The phenomenon where a decision-maker's preferences change over time, leading to choices that may not align with their long-term goals.