Find the Missing Quantities

question 12

Multiple Choice

Find the missing quantities. Round rates to the nearest whole percent and money to the nearest cent.
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• A)% Markdown = 86% $ Markdown = $485.18
• B)% Markdown = 14% $ Markdown = $91.84
• C)% Markdown = 86% $ Markdown = $91.84
• D)% Markdown = 14% $ Markdown = $78.98

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Definitions:

Median Income

The middle value of income in a list of numbers, where half of the income amounts are higher and half are lower.

Average Income

The median amount of income earned per individual or household in a specific area over a set period.

Debt Ceiling

The maximum amount of money the government is authorized to borrow without seeking approval from Congress.

Chapter 12

A chapter of the Bankruptcy Code specifically designed to address the financial restructuring of family farmers and fishermen.