Curtis Company Sets Price Equal to Cost Plus 50

question 62

Multiple Choice

Curtis Company sets price equal to cost plus 50%. Recently, Curtis charged a customer a price of $150 for an item. What was the cost of the item to Curtis?

• A) $50
• B) $75
• C) $100
• D) $40
• E) $80

---

Definitions:

Concentration Effect

The influence on the rate of a chemical reaction of the concentration of reactants; generally, an increase in concentration leads to an increase in reaction rate.

Collision Theory

A theory that proposes chemical reactions occur when reactant molecules collide with sufficient energy and an appropriate orientation.

High Energy

A term used to describe processes, particles, or quantum states having relatively large amounts of kinetic or potential energy.

Particle Motion

The description of the kinetic activity of particles in matter, affected by temperature and physical state, underlying the principles of diffusion and gas behavior.