An Item Sells for $48

question 26

True/False

An item sells for $48.60 and is marked up 20% on selling price.The cost is $38.88.

---

Definitions:

Lens

A transparent optical component that focuses or disperses light rays, used in devices like cameras, glasses, and microscopes.

Transparent Disc

A disc-shaped object made from a material that allows light to pass through it without scattering, making the material itself nearly invisible but still physically present.

Iris

The colored part of the eye that controls the size of the pupil and thus the amount of light that enters the eye.

Cornea

The clear front section of the eye, encompassing the iris, pupil, and front chamber, which plays a primary role in concentrating the majority of light entering the eye.