An Item Regularly Priced at $89

question 165

Multiple Choice

An item regularly priced at $89.00 is marked down to the cost price for a clearance sale. If the item cost the retailer $40.05, what is the rate of markdown?

• A) 45%
• B) 49%
• C) 55%
• D) 22%
• E) 122%

---

Definitions:

Idioms

A phrase or expression whose meaning is not predictable from the usual meanings of its constituent elements or the overall context.

Statutory Interpretation

The process by which courts interpret and apply legislation, determining the legislature's intent.

Legislative Ambiguity

A situation where laws or regulations are unclear, vague, or open to multiple interpretations, often leading to legal challenges and interpretations.

Statutes

Written laws passed by a legislative body at the federal, state, or local level.