Lucy and Jonathon Own a Hot Dog Stand

question 37

Multiple Choice

Lucy and Jonathon own a hot dog stand. To increase sales, they reduce the price of their hot dogs from $1.50 to $0.99. What is the markdown rate?

• A) 51%
• B) 44%
• C) 38%
• D) 34%

---

Definitions:

Major Components

Essential parts or factors that constitute a larger system or complex entity.

Goals

are defined objectives or targets that an individual, group, or organization strives to achieve.

Cognitive Component

Part of an attitude that encompasses beliefs, thoughts, and attributes about an object or situation.

Feeling

An emotional state or reaction that can derive from one's circumstances, mood, or relationships with others.