Home Hardware Sets Prices at Cost Plus 90% of Cost

question 28

Multiple Choice

Home Hardware sets prices at cost plus 90% of cost. The cost of a cordless drill kit is $45. What is the selling price for the cordless drill kit?

• A) $27.50
• B) $34.00
• C) $42.00
• D) $85.50

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Definitions:

New Imperialism

An era of overseas expansion by European countries, the United States, and Japan in the late 19th and early 20th centuries.

Second Industrial Revolution

A phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th, known for advancements in steel production, electricity, and chemical synthesis.

Scramble for Africa

The rapid colonization of Africa by European powers during the late 19th and early 20th centuries, driven by economic interests, political competition, and cultural motives.