If a Product Has a Cost of $738 and a Markup

question 117

Multiple Choice

If a product has a cost of $738 and a markup rate of $\$ 32 \frac { 1 } { 3 } \%$ , what is the markup?

• A) \(\$ 249.07\)
• B) \(\$ 238.62\)
• C) \(\$ 236.16\)
• D) \(\$ 263.18\)
• E) \(\$ 246.00\)

---

Definitions:

Bystander Effect

A phenomenon where individuals are less likely to offer help to a victim when other people are present.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone.

Group Polarization

The phenomenon where a group's prevailing opinions or decisions become more extreme following discussion among its members.

Diffusion of Responsibility

A phenomenon where individuals are less likely to take action or feel responsible in the presence of a large group of people.