To Manufacture a Certain Desk, It Costs $135

question 59

Multiple Choice

To manufacture a certain desk, it costs $135. If the desired percent markup based on cost is 25%, how much should each desk sell for?

• A) $133.75
• B) $126.56
• C) $143.44
• D) $168.75

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Definitions:

Commission

A fee or percentage of a transaction paid to an agent for facilitating or conducting a sale or service.

Misapplication

The improper or dishonest use of funds, resources, or assets for purposes other than those intended.

Trust Funds

A financial arrangement where assets are held and managed by one party for the benefit of another.

Personal Assets

Assets owned by an individual, including but not limited to, real estate, bank accounts, investments, and personal property.