The Rate of Mark-Up on Selling Price Is 20% for an Item

question 90

Multiple Choice

The rate of mark-up on selling price is 20% for an item that cost the retailer $84. What is the selling price?

• A) $67.20
• B) $16.80
• C) $58.00
• D) $105.00
• E) $26.00

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Definitions:

Ambiguity

A state or condition that allows for multiple interpretations or lacks clear definition, often leading to confusion or uncertainty.

Integrative Models

Theoretical frameworks that combine elements from multiple theories or disciplines to provide a more comprehensive understanding of a phenomenon.

Jeffrey Alexander

A prominent sociologist known for his work on cultural sociology and social theory.

Agency

Describes the capacity of individuals or entities to act independently and make their own free choices.