The Retail Price of a Tennis Racket Is $89

question 14

Short Answer

The retail price of a tennis racket is $89. If the markup rate is 25% based on cost, what is the cost of the tennis racket?

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Definitions:

Public Policy

Principles and standards considered by government to benefit the community and used to guide legislative and administrative actions.

Department of Labor

A government agency responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.

Unconscionable

A term used to describe a contract or agreement that is so unjust or overwhelmingly one-sided in favor of one party that it is deemed unenforceable under the law.

Interpret

To explain or provide the meaning of something, often used in the context of translating legal texts, artworks, or other complex materials.