A Local True Value Hardware Store Marks Its Goods Up

question 71

Multiple Choice

A local True Value Hardware Store marks its goods up 38% on cost. If a snow blower cost True Value $400, the selling price would be:

• A)$525.00
• B)$552.00
• C)$542.00
• D)$452.00
• E)None of these

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Definitions:

Mean

Value equal to the sum of all the items in the group divided by the number of items in that group; what people refer to when they use the term average.

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Mode

The number that occurs more often than any other in a sample.

Evidence

Material or information used to support facts or propositions in various contexts, such as legal or scientific.