Your University Charges an Annual Tuition of $9600

question 36

Multiple Choice

Your university charges an annual tuition of $9600. If you agree to take part in a work-study program, your annual tuition is only $8200. What is the percentage decrease in the tuition if you take part in the Work-study program? Give your answer as a percentage rounded to the nearest tenth of a percent.

• A) 9.7%
• B) 11.8%
• C) 13.1%
• D) 14.6%
• E) None of the above.

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Definitions:

Allocated

The process of assigning or distributing resources or expenses to various accounts or periods.

Square Feet

A unit of area measurement equivalent to a square measuring one foot on each side, commonly used in measuring real estate and building spaces.

Indirect Expenses

Costs that are not directly attributable to a specific product or service but are necessary for the overall operation of a business, such as utilities, rent, and administrative salaries.

Gross Sales

Gross sales represent the total sales revenue of a company, without deducting any sales returns, allowances, or discounts.