Solve the Problem

question 21

Multiple Choice

Solve the problem. Round dollars to the nearest cent and rates to the nearest tenth of a percent.
-Toys4U purchases tricycles for $26. The store's operating expenses are 20% of cost with a net profit of 11% of cost. Find the selling price of one tricycle.

• A)$34.06
• B)$17.94
• C)$23.66
• D)$28.34

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Definitions:

Dynamic

Characterized by constant change, activity, or progress.

Inkblots

Images created by dropping ink on paper and then folding the paper to create symmetrical patterns, used in psychological tests to assess personality.

Rorschach

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complexity algorithms, or both.

Personality Test

An assessment tool designed to measure and evaluate personality characteristics and psychological traits.