Solve the Problem

question 26

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary.
-A local dealer sells baseballs for $25.00 each. If this is a 12.9% markup on selling price, find the equivalent markup percent on cost.

• A)85.2%
• B)12.9%
• C)11.4%
• D)14.8%

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Definitions:

Cognitive Component

An aspect of our mental processes and attitudes, involving beliefs, thoughts, and awareness that contribute to our perceptions and reactions.

Informational

Related to the provision or exchange of facts or data, often used for educational, advisory, or decision-making purposes.

Peripheral-Route Processing

A mode of persuasion in which an individual is influenced by superficial clues, such as the attractiveness of the speaker or emotional appeal, rather than by the argument’s actual content.

Central-Route Processing

A method of persuasion that involves deeply processing the content of a message, considering its logic and arguments rather than superficial cues.