In 2006, the Percentage of the U

question 53

Multiple Choice

In 2006, the percentage of the U.S. population under age 18 was:

• A) 20%
• B) 30%
• C) 38%
• D) 25%

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Loss

The state of experiencing a decrease in financial resources or value, often as a result of a business operation, investment failure, or theft.

Break-even Selling Price

The price at which a product must be sold to cover all associated costs of production without making a profit or a loss.

Discounted Price

The final price of a product after applying a discount to its original price.