A Producer Makes an Item for $32 and Sells It

question 25

Multiple Choice

A producer makes an item for $32 and sells it with a 50 percent markup to a wholesaler.The wholesaler then applies a 20 percent markup.A retailer then uses a 60 percent markup.The final retail selling price is

• A)$200.00.
• B)$73.60.
• C)$64.00.
• D)$80.00.
• E)The final retail price cannot be determined without stockturn information.

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Definitions:

Progressive Reformers

Activists and policy-makers from the late 19th and early 20th centuries advocating for social, political, and economic reforms to address societal issues.

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Individual Rights

Rights guaranteed to individuals, typically regarding personal freedom, fairness, and protection from government overreach, often outlined in a country's constitution.

Progressive Movement

A social and political movement in the early 20th century that sought to address the problems caused by industrialization, urbanization, immigration, and political corruption.