An Import/export Business Marks Up Imported Merchandise by 120

question 259

Multiple Choice

An import/export business marks up imported merchandise by 120%. If an imported armoire originally costs $300, what is the marked up price?

• A)$680
• B)$660
• C)$380
• D)$360

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Definitions:

Telecommunications Industry

Comprises companies that make communication possible across distances through telephone, internet, wireless networks, and other audio and video transmission systems.

Numerical Communications

The use of numbers and statistics to convey information or messages, especially in the context of data analysis and reporting.

American Medical Association

A professional group that represents the interests of physicians and healthcare professionals in the United States, advocating for public health and medical ethics.

Nursing Practice

The profession in which knowledge of the science of nursing, along with analytical skills, is utilized to provide care, promote health, and improve the quality of life for patients.