The Cost of a Sweater Is $30

question 163

Multiple Choice

The cost of a sweater is $30. If the retailer wants a rate of mark-up on selling price of 50%, what is the selling price?

• A) $45
• B) $60
• C) $75
• D) $40
• E) $50

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Definitions:

World Bank

A multilateral organization designed to provide financing, advice, and research to developing nations to aid their economic advancement.

Multilateral Organization

An organization composed of multiple countries that work together on a given issue or project.

Subsidized Loans

Loans on which the interest is either paid by another party or is not accrued, reducing the cost for the borrower, usually provided based on financial need.

Flat World

A metaphor describing a global environment where geographical and cultural barriers to communication, trade, and travel are diminishing, making the world more interconnected.