If an Item That Had Cost the Retailer $7 Sold

question 6

Multiple Choice

If an item that had cost the retailer $7 sold at retail for $12.50,the gross margin percentage on selling price is:

• A) 78.6%.
• B) 56%.
• C) 44%.
• D) 21.4%.
• E) 100%.

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Definitions:

Conformity

is the behavioral change to align with the norms or standards of a group, often influenced by peer pressure or the desire to fit in.

Unusual

Deviating from what is typical or expected, often attracting attention because of its distinctiveness or strangeness.

Ordinary

Commonplace or standard, not special or exceptional.

Social Loafing

The tendency of individuals to exert less effort when working in a group than when working alone.