A Spa Owner Bought Hand Lotion in a 2-Quart Container

question 78

Multiple Choice

A spa owner bought hand lotion in a 2-quart container and then repackaged the lotion in 8-fluid-ounce bottles. The lotion and bottles cost $80.75, and each 8-fluid-ounce bottle was sold for $8.5. How much profit was made on the 2-quart package of lotion?

• A) $-13
• B) $-12.5
• C) $-12.75
• D) $37.25
• E) $-62.75

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Definitions:

American Depository Receipts

Securities that represent shares in foreign public companies and are traded on U.S. stock exchanges, allowing investors to invest in overseas stocks more easily.

World Equity Benchmark Shares

Exchange-traded funds that aim to provide investment results that, before fees and expenses, correspond to the price and yield performance of specific international equity indexes.

ADRs

American Depositary Receipts, a way for investors to own shares in foreign companies, where the shares are held by a US financial institution overseas and traded on American exchanges.