Solve the Problem

question 72

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
-Chang bought a bumper marked up 35.9% based on selling price at a local auto repair shop. If the markup is $15.46, find (a) the selling price, (b) the cost, and (c) the markup as a percent of the cost.

• A)(a)$43.06
• (b)$58.52
• (c)26.4%
• B)(a)$58.52
• (b)$43.06
• (c)35.9%
• C)(a)$27.60
• (b)$43.06
• (c)35.9%
• D)(a)$43.06
• (b)$27.60
• (c)56.0%

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Definitions:

Resurgence

The revival or renewal of activity, interest, or strength after a period of decline or dormancy.

Labor-Management Relations

The interactions between employees, often represented by unions, and employers regarding working conditions, pay, and other aspects of work.

Concession Bargaining

A negotiation process where labor unions agree to give up previous benefits in exchange for something else, often to avoid worse outcomes.

Decline of Manufacturing

Refers to the decrease in the production of goods in factories and the reduction of jobs in the manufacturing sector, often due to automation, globalization, and shifts towards a service-based economy.