Using Cost-Based Pricing, What Is the Percentage Markup on an Item

question 64

Multiple Choice

Using cost-based pricing, what is the percentage markup on an item costing $1.00 and selling for $5.00?

• A) 25%
• B) 45%
• C) 55%
• D) 80%

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Definitions:

Social Dilemma

A situation in which individual decisions seeking personal benefit lead to outcomes that are suboptimal for all participants.

Resource Dilemmas

Situations in which individuals or groups must decide how to distribute shared resources, often leading to conflicts between personal gain and collective welfare.

Resource Dilemma

A situation in which individuals or groups must decide how to wisely consume or allocate resources that are limited and can be depleted.

Limited Resource

A scarcity of resources that restricts the ability to achieve certain objectives or satisfy needs.