A Retailer Buys 75 Boxes of Computer Paper at $33

question 258

Multiple Choice

A retailer buys 75 boxes of computer paper at $33.60 per box. He retails a box at $51.48. If he sells all 75 boxes, what is his profit?

• A)$3,861
• B)$1,341
• C)$2,520
• D)$1,416

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Definitions:

Reciprocity Norms

Social norms that dictate that we should treat others as they treat us, leading to mutual benefit or support.

Reciprocity Norm

A social expectation that people will respond to each other in kind, returning benefits for benefits and responding to harms with either retaliation or forgiveness.

Social-Responsibility Norm

An expectation that people will help those dependent upon them.

Deindividuation

A psychological state characterized by reduced self-awareness and diminished personal responsibility, often occurring in group settings.