In World War I, It Is Estimated That ____ Soldiers

question 85

Multiple Choice

In World War I, it is estimated that ____ soldiers died and ____ were wounded.

• A) three million, ten million
• B) five million, fifteen million
• C) six or seven million, eighteen million
• D) eight or nine million, twenty-two million
• E) twelve million, thirty million

---

Definitions:

Markup Percentage

Markup Percentage is the ratio of the difference between the selling price and the cost of a product to the cost itself, expressed as a percentage, indicating how much is added to the cost to determine the selling price.

Variable Cost

Costs that change in proportion to the level of production or activity in a business.

Variable Cost Method

A pricing strategy in which the price is based on the variable costs of producing a good or service, not including fixed costs.

Cost-Plus Approach

A pricing strategy where a fixed percentage or fixed amount is added to the cost of producing a product to determine its sale price.