An Item Selling for $1681 Is Marked Down 10% for a Special

question 58

Multiple Choice

An item selling for $1681 is marked down 10% for a special promotion. It is later marked down 40% of the sale price. Because it still hasn't been sold, it is marked down an additional 20%. What is the final selling price of the item?

• A) $504.30
• B) $726.19
• C) $1611.00
• D) $420.25

Discover the procedures and technologies involved in knowledge management within organizations.

Understand the nature and purpose of different types of reports.

Recognize the importance of selecting the right medium for a report based on audience expectations.

Acknowledge the elements involved in the planning phase of the three-step writing process for reports.

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Definitions:

Tangible Assets

Physical assets that have shape and form, such as machinery, buildings, and land, which are owned by a business.

Intangible Assets

Non-physical assets of a business that have value, such as patents, trademarks, goodwill, and brand recognition.

Durable Goods

Products that are intended to last for a considerable length of time (over three years), such as appliances, vehicles, and furniture.

Nondurable Goods

Products that are consumed or have a useful life shorter than three years, such as food, beverages, and paper products.