A DVD Player That Costs $168 Sells for a 30

question 48

Multiple Choice

A DVD player that costs $168 sells for a 30% markup based on the cost. What is the selling price of the DVD player?

• A) $560.00
• B) $50.40
• C) $129.23
• D) $218.40

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Definitions:

Reasonable Substitutes

Alternative products or services that can satisfactorily replace others, meeting the same needs or wants.

TC (Total Cost) Curve

A graphical representation that shows the total cost of production at different levels of output.

Value to Consumers

The maximum amount of money a consumer is willing to pay for a good or service, reflecting the perceived benefit or utility they expect to obtain.