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:

Manhattan Project

The U.S. research and development project during World War II that produced the first nuclear weapons.

Nuclear Bomb

A powerful explosive weapon that releases energy through nuclear reactions, capable of causing massive destruction and loss of life.

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The initial production or creation of goods through the process of combining raw materials and labor, often marking the start of industrial activity.

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A situation in which a person is faced with a difficult decision involving a conflict of ethical values or principles.