The Percent Markup on a Tricycle Is Known to Be

question 130

Multiple Choice

The percent markup on a tricycle is known to be 24% based on selling price. If the seller paid $24.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent)

• A) 76.0%
• B) 29.4%
• C) 24.7%
• D) 31.6%

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Definitions:

Spatial Intelligence

The ability to visualize with the mind’s eye, relating to the capacity to think about objects in three dimensions.

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A manufacturing process that creates a physical object from a digital design by layering material until the object is formed.

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A slang term for a person who spends a lot of time sitting or lying on a couch, often watching television or engaging in leisure activities with minimal physical activity.

Creativity

The ability to generate novel and useful ideas or solutions to problems, often leading to innovative outcomes.