question 23

Essay

$$\begin{array} { c | c } \text { Height (in inches) } & \text { Frequency } \\\hline 50 - 52 & 5 \\53 - 55 & 8 \\56 - 58 & 12 \\59 - 61 & 13 \\62 - 64 & 11\end{array}$$

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Definitions:

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.

Large Screen Televisions

Televisions with a diagonally measured screen size typically larger than 55 inches.

Dollar Markup

The difference between the cost of a product and its selling price, expressed in dollar terms.

Dealer's Cost

The actual cost to a dealer for the products they sell, often excluding additional expenses like marketing or transport.