Which Decimal Is Equivalent To $3 \frac { 5 } { 8 }$

question 7

Multiple Choice

Which decimal is equivalent to $3 \frac { 5 } { 8 }$ ?

• A) 3.625
• B) 3.58
• C) 3.575
• D) 3.375

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Definitions:

Mark-Up

The additional amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.

Selling Price

The price at which an item or service is sold to a buyer, potentially including taxes, shipping, and other fees.

Overhead Costs

Expenses associated with running a business that are not directly tied to the production of goods or services, such as rent, utilities, and administrative costs.

Profit

The financial gain achieved when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the activity.