If the Rate of Mark-Up on an Item Is 80

question 230

Multiple Choice

If the rate of mark-up on an item is 80% of cost and it is later sold after a 40% markdown, what is the rate gross profit that was actually realized?

• A) 40% of cost
• B) 32% of cost
• C) -16% of cost
• D) 8% of cost
• E) Zero

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Definitions:

Male and Female

Categories that describe an individual’s sex, based on biological differences, within a binary framework.

Probability

An indicator of how probable it is for an event to happen, represented by a number ranging from 0 to 1.

Births

The occurrence of bringing forth a new individual from a parent organism, initiating a new life.

Independent

A condition where two events have no influence on each other, making their occurrences or outcomes entirely unrelated.