The Retailer's Cost Is $86 and Their Rate of Mark-Up

question 122

Multiple Choice

The retailer's cost is $86 and their rate of mark-up on selling price is 26%. Calculate the selling price.

• A) $99
• B) $108
• C) $112
• D) $116
• E) $129

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Definitions:

Crowding Out

The phenomenon where increased government spending leads to a reduction in private sector investment, due to higher interest rates or the consumption of financial resources.

Aggregate Demand

The aggregate need for goods and services in an economy at a specific price level and during a certain time frame.

Constitutional Amendment

A formal change or addition proposed to a constitution, which then requires ratification to become part of the document.

Balanced Budget

A financial statement or situation where total expected revenues are equal to total planned expenditures, without any deficit or surplus.