A Wine Merchant Buys a Case of Wine for a Listed

question 5

Multiple Choice

A wine merchant buys a case of wine for a listed price of $144.00 less 27% from a wine distributor. Overhead is 37% of cost and profit is 51% of cost. For how much should the item be retailed?

• A) $159.78
• B) $75.80
• C) $211.35
• D) $197.62
• E) none of the above

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Definitions:

Classical Conditioning

The acquisition of knowledge through the linkage between a stimulus found in the environment and one that happens naturally.

Resistance to Extinction

The resistance to disappearance of a conditioned response despite the lack of reinforcement.

Text Messages

Written messages sent or received over mobile phones or similar devices, utilizing short message service (SMS) technology.

Ex-girlfriend

Denotes a woman with whom one has had a romantic relationship in the past, but is no longer involved with in the present.