Calculate the Missing Information, Rounding Dollars to the Nearest Cent

question 19

Short Answer

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $\begin{array}{c}\begin{array}{lll}\\\underline{\text {Item}}\\\text { Ipad } \end{array}\begin{array}{lll}\\\underline{\text {Cost}}\\\$175.00\end{array}\begin{array}{lll}\\\underline{\text {Markup}}\\\$144.55\end{array}\begin{array}{lll}\text {Amount of}\\\underline{\text {Selling Frice}}\\\\\end{array}\begin{array}{lll}\text {Percent Markup}\\\underline{\text {Based on Cost}}\\\\\end{array}\end{array}$

---

Definitions:

PRS

Political Risk Services; a measure assessing the risk of investing in a country, including factors like government stability and conflict likelihood. If the term was intended to signify something else without context, then NO.

CAPM

The Capital Asset Pricing Model, a finance theory that describes the relationship between systematic risk and expected return for assets, particularly stocks.

International Stocks

Shares of companies located outside the investor's home country, offering a way to diversify investment portfolios across global markets.

Consumption Baskets

A collection of goods and services used to represent what is consumed by a typical household, employed in calculating the cost of living and inflation.