If a Product Has a Cost of $42

question 108

Multiple Choice

If a product has a cost of $42.67 and a selling price of $63.33 , what is the markup rate? Round your answer to two decimal places.

• A) 14.84%
• B) 48.42%
• C) 32.62%
• D) 20.65%
• E) 30.65%

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Definitions:

Typhus

A group of infectious diseases caused by Rickettsia bacteria, transmitted by lice, fleas, or mites, characterized by severe fever, headache, and rash.

Malaria

A serious disease caused by Plasmodium parasites, transmitted to humans through the bite of infected Anopheles mosquitoes, characterized by fever, chills, and flu-like illness.

Sea Anemone

A marine animal with a polyp attached to the sea bottom, displaying a ring of tentacles around a central mouth.

Brittle Star

A type of echinoderm with a central disc and five long, slender, flexible arms, known for their ability to regenerate limbs and move by wriggling their arms.