A Local Dealer Sells Baseballs for $25 Each

question 40

Multiple Choice

A local dealer sells baseballs for $25 each. If $6.23 is the cost, what is the percent of markup on the selling price?

• A) 75.1%
• B) 42.9%
• C) 8.3%
• D) 57.1%

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Definitions:

First Serve

In tennis or related sports, the initial serve in a point, where the server has two opportunities to make a successful serve.

Probability

A numerical expression, ranging between 0 and 1, used to indicate how probable it is that a given event will happen, where 0 means the event is impossible, and 1 means the event is certain to happen.

Independent

A term describing variables that are not affected by other variables in a study or experiment.

Normal Model

A type of statistical distribution that is symmetric and has a bell-shaped curve, where most occurrences take place at the center of the distribution.