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

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Definitions:

Passionately Engaged

Describes being deeply involved or committed to an activity, cause, or subject with intense emotion or enthusiasm.

Shortcomings

The flaws or weaknesses in someone or something that prevent them from being perfect or completely effective.

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A systematic approach to problem-solving that involves Identifying issues, Defining them, Exploring solutions, Acting on decisions, and Studying the impacts.

Majoring

The process of specializing in a specific area of study in higher education.