The Highest Fifth of All Families Receive Approximately ____ of the Distribution

question 61

Multiple Choice

The highest fifth of all families receive approximately ____ of the distribution of annual money income among families.

• A) 5 percent
• B) 10 percent
• C) 25 percent
• D) 50 percent

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Definitions:

Scratch-and-Save

A promotional discount method where customers scratch a card to reveal a discount or prize.

Profit

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

Rate of Markdown

The percentage decrease from the original price to the sale price.

Operating Expenses

Costs associated with the day-to-day operations of a business or organization.