Solve the Problem. -A Small Business Owner Made $60,000 the First Year He

question 151

Multiple Choice

Solve the problem.
-A small business owner made $60,000 the first year he owned his store and made an additional 7% over the previous year in each subsequent year. Find how much he made during his fourth year of business. Find his
Total earnings during the first four years. (Round to the nearest cent, if necessary.)

• A) $294,780.00; $630,180.00
• B) $501,126.00; $1,131,306.00
• C) $20.58; $64,514.58
• D) $73,502.58; $266,396.58

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Definitions:

Sales Career

A professional pathway focused on the activity of selling goods or services, which involves roles like sales representative, account manager, or sales director.

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A sales approach focusing on creating long-term customer relationships rather than just one-time transactions.

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Advisory services that help businesses leverage digital technologies to improve processes, enhance customer experiences, and drive growth.

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An external service often provided by stores to enhance the presentation of a purchase, typically involving decorative paper and ribbons.