Use the Change of Base Formula to Evaluate the Logarithm

question 98

Multiple Choice

Use the Change of Base Formula to evaluate the logarithm . Round to the nearest ten-thousandth.

• A) 0.5600
• B) 1.6128
• C) 1.7859
• D) 0.2016
• E) 5.1250

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Definitions:

Markup

The amount by which the cost of a product is increased to arrive at its selling price.

Selling Price

The amount of money for which an item or service is sold to a customer.

Markup Rate

The percentage increase applied to the cost price of goods to calculate the selling price.

Selling Price

The amount of money for which a good or service is offered for sale to consumers.