Ryan Bought a Phone with an Original Price of $145

question 8

Multiple Choice

Ryan bought a phone with an original price of $145.80. He received a 25% discount off the phone, which amounted to $36.45. How much did he pay for the phone?

• A) $109.35
• B) $119.45
• C) $171.25
• D) $182.25

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Definitions:

Quick Ratio

A financial metric that measures a company's ability to meet short-term obligations with its most liquid assets, excluding inventory.

Evaluation Of Liquidity

The process of assessing a company's ability to meet its short-term obligations using its current assets.