Use the Basic Counting Rule to Solve the Problem

question 26

Multiple Choice

Use the basic counting rule to solve the problem.
-License plates are made using 2 letters followed by 2 digits. How many plates can be made if repetition of letters and digits is allowed?

• A)10,000
• B)67,600
• C)456,976
• D)6760

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Definitions:

Discounted Price

A reduced price below the original mark-up, often to encourage purchase or clear inventory.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment terms and interest rates.

Average Inventory

The mean value of inventory held by a company over a specific period of time, calculated to assess inventory levels and management efficacy.

Carrying Cost

Expenses associated with holding inventory, including storage, insurance, and depreciation.