Solve If Needed, Round Money Amounts to Two Decimal Places

question 170

Multiple Choice

Solve. If needed, round money amounts to two decimal places and all other amounts to one decimal place.
-Jeans are on sale at the local department store for 25% off. If the jeans originally cost $59, find the sale price.

• A) $73.75
• B) $44.25
• C) $57.53
• D) $14.75

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Definitions:

Performance Budget Report

A document that compares actual financial performance to budgeted amounts, often highlighting efficiencies or areas that need improvement.

Investment Centers

Sections of a company treated as separate business units, responsible for their profit and investment.

Controllable Margin

The portion of profit or margin that can be directly influenced by management's actions by controlling certain costs or revenues.

Average Operating Assets

The average value of the assets used in the core operations of a business over a period, important for evaluating investment efficiency.