If and , Determine the Value of C

question 38

Multiple Choice

If and , determine the value of c. Round to two decimal places.

• A)7.81
• B)12.80
• C)7.88
• D)12.69
• E)16.24

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Definitions:

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit, expressed as a portion of the cost.

Meat Slicing Machine

A device used in the preparation of food to slice meat thinly and consistently.

Percent Markup

The percentage added to the cost price of goods to achieve a selling price.

Fax Machine

A device that transmits scanned documents as a telephone transmission to a receiving machine producing a copy.