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:

Decertification

The process by which a labor union is removed as the representative of the employees in a bargaining unit, typically through a vote by the employees.

Bargaining Agent

A labor union or individual representative designated to negotiate employment terms on behalf of a group of employees.

Closed-shop Agreement

A labor agreement requiring employees to be members of a union as a condition of employment, typically illegal in the U.S. under the Taft-Hartley Act.

Resistance Point

The maximum point of opposition or pushback in negotiations or discussions.