An Item Costs a Retailer $140

question 32

Multiple Choice

An item costs a retailer $140. If a 30 percent markup is desired, what should the retail selling price be?

• A) $191.00
• B) $242.00
• C) $182.00
• D) $140.30
• E) $200.00

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Definitions:

Economic Upswings

Periods when the economy experiences growth, leading to increased employment rates and higher consumer spending.

Ethnic Identity

is an individual's sense of belonging to a specific ethnic group, including the adoption of certain group characteristics and cultures.

Heritage

Refers to traditions, practices, and beliefs that are passed down through generations within a particular culture or community.

Social Context

The societal, cultural, and community conditions or circumstances that influence an individual's life and behaviors.