The Cost of a Coat Is $80

question 50

Multiple Choice

The cost of a coat is $80. If the retailer wants a rate of mark-up on selling price of 40%, what is the amount of mark-up on cost?

• A) $32
• B) $120
• C) $53.33
• D) $150
• E) $50

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Definitions:

Core Competencies

Fundamental skills, knowledge, and abilities that are essential for an organization or individual to stand out in their field.

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the business context.

Merit Raises

A method of increasing an employee's pay based on their performance.

Pay Ranges

Sets of varying salaries that an employer is willing to pay for a particular job, reflecting experience, skill level, and responsibilities.