Use the Table or Graph to Answer the Question What Is the Average Profit for the Store If It

question 3

Multiple Choice

Use the table or graph to answer the question.
-The following chart shows an appliance storeʹs average percent profit margin on certain items: $$\begin{array} { c | c } \text { Product category } & \text { Average profit margin,\% } \\\hline \text { Washer/Dryer } & 19 \\\text { Refrigerator } & 14 \\\text { Stove } & 18 \\\text { Microwave } & 38\end{array}$$ What is the average profit for the store if it lists the price of a particular refrigerator at $800?

• A) $304.00
• B) $112.00
• C) $608.00
• D) $98.25

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Definitions:

Statutory Agent

A person or entity appointed to receive legal documents on behalf of a corporation or other legal entity.

Individually Liable

Responsibility of a person to bear the loss or fulfill obligations from their personal assets, independently of others' liabilities.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, which may bind the corporation once it comes into existence.

Promoter

A person or company that finances or organizes events, especially in entertainment or sports.