Solve If Needed, Round Money Amounts to Two Decimal Places

question 202

Multiple Choice

Solve. If needed, round money amounts to two decimal places and all other amounts to one decimal place.
-Sales at a local ice cream shop went up 80% in 5 years. If 12,000 ice cream cones were sold in the current year, find the number of ice cream cones sold 5 years ago. (Round to the nearest integer, if
Necessary.)

• A) 6667 ice cream cones
• B) 15,000 ice cream cones
• C) 9600 ice cream cones
• D) 2400 ice cream cones

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Definitions:

Work Hours

The amount of time an individual spends performing tasks or duties for an employer during a given period.

Marginal Cost

The cost to produce one additional unit of a product or service.

Buffet

A meal consisting of various dishes set out on a table or sideboard from which guests can serve themselves.

Profit Opportunities

Situations where individuals or firms can earn a return on investment that is more than the norm, often due to market inefficiencies or information asymmetries.