Solve the Problem

question 69

Multiple Choice

Solve the problem. Round rates to the nearest whole percent and dollar amounts to the nearest cent.
-The Galerie d'Art paid $138.60 for a limited edition Graux print. The original selling price was $180.18, but this was marked down 25% to make room for incoming pieces. If operating expenses are 28% of cost, find the operating loss and the absolute loss.

• A)operating loss: $45.04
• Absolute loss: $3.46
• B)operating loss: $3.46
• Absolute loss: $42.27
• C)operating loss: $42.27
• Absolute loss: $45.04
• D)operating loss: $42.27
• Absolute loss: $3.46

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Definitions:

Proactive Interference

Proactive interference is a cognitive phenomenon where older memories hinder the recall of newer information.

Names Confusion

The phenomenon where individuals mix up names of familiar persons, typically occurring due to similar social contexts or roles rather than similarities in the names themselves.

Imagery

Visual or descriptive language in literature that appeals to the senses, creating a mental image.

Encoding Information

Encoding information refers to the process of converting sensory input into a form that can be stored and recalled from the brain's memory.