300 Pounds of Oranges Were Purchased at $0

question 31

Multiple Choice

300 pounds of oranges were purchased at $0.24 per pound. The desired markup is 50% based on selling price, but 21% spoilage is expected. What should the selling price per pound be? (Round your answer to the nearest cent)

• A) $0.61
• B) $0.47
• C) $0.52
• D) $0.55

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Definitions:

Additive Manufacturing

A process of making three-dimensional solid objects from a digital file, commonly known as 3D printing, by layering materials.

Reducing Costs

The practice of lowering expenses associated with business operations to increase efficiency and profitability.

3-D Printers

Machines that create three-dimensional objects by depositing materials layer by layer according to digital models.

Opportunity Cost

The value of the next best alternative foregone as a result of making a decision.