Solve the Problem. -Sales of Frozen Pizza for a Club Fund-Raiser Increased from Fund-Raiser

question 235

Multiple Choice

Solve the problem.
-Sales of frozen pizza for a club fund-raiser increased from 500 one year to 700 the next year. What was the percent of the increase?

• A)60%
• B)71.4%
• C)40%
• D)28.6%

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Definitions:

Futures Contracts

Agreements for the future delivery of assets like commodities or securities at a price fixed upon the contract's signing.

Option Contracts

Financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date.

Swap Contracts

Financial agreements between two parties to exchange cash flows or other financial instruments for a specified period of time.

Put Option

A contract in finance that provides the bearer the privilege, but avoids the necessity, to dispense a specific measure of an underlying asset at a particular price during an outlined period.