A Smart Phone Is on Sale for $180

question 11

Multiple Choice

A smart phone is on sale for $180. If it has been marked down $75, find its regular price.

• A) $75
• B) $105
• C) $180
• D) $255
• E) $13,500

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Definitions:

ITQs

Stands for Individual Transferable Quotas, a regulatory tool in fisheries management that limits the total allowable catch and allocates quotas to individuals or companies.

Pacific Halibut

A species of flatfish found in the North Pacific Ocean, valued for commercial and recreational fishing.

Quota

A government-imposed trade restriction that limits the number or value of goods that can be imported or exported during a specific time.

ITQs

Individual Transferable Quotas, a regulatory tool in environmental policy that limits the total allowable catch in fishing, with quotas that can be bought, sold, or leased among fishermen.