If a Retailer Buys a Product for $30 and Sells

question 34

Multiple Choice

If a retailer buys a product for $30 and sells it for $50,what is the markup percentage,if the markup is based on cost?

• A) 33 percent
• B) 40 percent
• C) 67 percent
• D) 80 percent
• E) 100 percent

---

Definitions:

Rain Shadow Effect

A climatic phenomenon where a mountain range causes precipitation on one side, creating a dry area on the leeward side due to the blocking of rain-producing weather systems.

Tornadoes

are violently rotating columns of air that are in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud, known for causing significant destruction.

Per Annum

A Latin term meaning "per year," used to describe a rate or amount measured over the course of a year.

Global Air Circulation

Describes the large-scale movement of air through the Earth's atmosphere, driven by energy from the sun and the rotation of the Earth, distributing heat and moisture around the globe.