Find the Percent Markup Based on Selling Price, If the Percent

question 16

Multiple Choice

Find the percent markup based on selling price, if the percent markup based on the cost is 14%. (Round to the nearest tenth percent)

• A) 86.0%
• B) 12.3%
• C) 48.6%
• D) 15.9%

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Definitions:

Leadership

The act of guiding or influencing others towards the achievement of goals, characterized by inspiration, vision, and the ability to direct.

Coercive Power

Coercive power is an authoritative strategy based on the fear of punishment or the enforcement of discipline to influence others to comply with demands or expectations.

Withhold Positive Outcomes

A strategy or action where expected or deserved positive results are deliberately not provided or delayed.

Influence

The capacity or power to affect or shape the behavior, development, character, or decisions of others or the outcome of events.