A Product Costing $350, Less 30%, 20%, and 10%, Sells

question 3

Multiple Choice

A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the regular selling price?

• A) $264.60
• B) $300.00
• C) $315.00
• D) $352.80
• E) $385.00

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Definitions:

Large Numbers

Numerical values that are significantly larger than those commonly encountered in everyday life.

Executive Function

Higher-level cognitive processes that enable an individual to plan, organize, strategize, remember details, and manage time and space efficiently.

Higher-Level Cognitive Processes

Refers to complex mental functions such as reasoning, problem-solving, and planning.

Supervising

The act of overseeing and directing the performance of tasks or activities, typically carried out by a person in a position of authority.