If the Price of Milk Was $1

question 157

Multiple Choice

If the price of milk was $1.25 a gallon and it is now $2.25 a gallon,what is the percentage change in price?

• A)4.4 percent
• B)8 percent
• C)44 percent
• D)80 percent

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the market, determined by supply and demand dynamics.

EBIT

EBIT stands for Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses.

Debt

Money owed by one party, the borrower, to a second party, the lender; it is often represented by loans or bonds.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity which funds its overall operations and growth.