SCENARIO 2-18
The stem-and-leaf display below shows the result of a survey on 50 students on their satisfaction with their school with the higher scores represent higher level of satisfaction.
-Referring to Scenario 2-18,the level of satisfaction is concentrated around 75.
Definitions:
Retail Price
The price at which goods are sold to the public, typically higher than the wholesale price.
Mark-up
Increment on the buying price of products targeted to offset operational costs and profits.
Selling Price
The price at which a product or service is sold to the consumer.
Mercola
A brand and website known for its health-based products and controversial wellness information.
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