The Markdown Percentage of an Item with an Original Retail

question 12

Multiple Choice

The markdown percentage of an item with an original retail of $32 and the new retail of $24 is:

• A)25%
• B)40%
• C)60%
• D)75%

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Definitions:

Insurance

A financial product that provides protection against losses or damages to a person or property in exchange for premium payments.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to a poor outcome for the less informed party.

Insurance

A financial product sold by insurance companies to safeguard against financial loss in the event of specific contingencies or risks.

Risk Lover

An individual or entity that prefers or is willing to undertake actions with a higher level of uncertainty or risk.