Solve the Problem

question 55

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 $550 each. If this is a 39.8% markup on the selling price, find the equivalent markup percent on cost.

• A)550%
• B)28.5%
• C)66.1%
• D)47.3%

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Definitions:

Overload Switch

A protective device used to automatically cut off electrical power in case of an overload, preventing damage to the circuit.

Shaded-pole Induction Motor

A type of single-phase induction motor that uses shading coils around part of the pole to create a rotating magnetic field.

Shading Coil Diameter

The diameter of a shading coil, which is used in electromagnetic devices to reduce noise or humming by creating a delayed magnetic field.

Magnetic Field

An area surrounding a magnetic substance or a moving charged particle where magnetic forces are exerted.