At the Sale Price, What Was the Rate of Mark-Up

question 110

Multiple Choice

At the sale price, what was the rate of mark-up on cost?

• A) 19.6%
• B) 40%
• C) 125%
• D) 35%
• E) 25.9%

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Definitions:

Ethylene Glycol

A colorless, viscous liquid with sweet taste commonly used as an antifreeze in automobile radiators and in the manufacture of polyester fibers and resins.

Acetal-Forming Reactions

Chemical reactions that involve the conversion of aldehydes or ketones, in the presence of an alcohol, into acetals or ketals, respectively.

Organic Product

A compound containing carbon, produced as the result of an organic reaction.

Reaction

A chemical reaction involves the transformation of one or more substances into different substances through the breaking and forming of chemical bonds.