A $50 Blood Glucose Monitoring Set Is on Sale at Discount

question 80

Multiple Choice

A $50 blood glucose monitoring set is on sale at Discount Drugs for 25% off the regular price. What is the discount?

• A) $11.2
• B) $14.6
• C) $16.5
• D) $12.5
• E) $13.5

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Definitions:

Maximizing Profit

The procedure a business uses to establish the optimal price and amount of production for the highest profit.

Total Profit

The total financial gain generated from a business activity after subtracting all expenses and costs associated with producing and selling goods or services.

Break-Even Point

The financial point at which the costs of producing and selling a product equal the revenue made from selling the product, resulting in neither profit nor loss.

Market Supply

The total amount of a specific good or service that is available to consumers in a market at all possible prices.