Solve the Problem

question 27

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary.
-A store sells an item for $290 each. If this is a 40% markup on cost, find the equivalent markup percent on the selling price.

• A)290%
• B)28.6%
• C)66.7%
• D)47.6%

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Definitions:

Rational Emotive Therapy

A cognitive-behavioral approach to therapy that focuses on changing irrational beliefs that contribute to emotional distress.

Cognitive-Behavioral

A form of psychotherapy that focuses on modifying dysfunctional emotions, behaviors, and thoughts by interrogating and uprooting negative or irrational beliefs.

Insight Therapies

Therapies in which the main goal is helping people gain insight with respect to their behavior, thoughts, and feelings.

Motives

Internal driving forces that compel individuals to act in a certain way or pursue particular goals.