Montana Uses a 140% Markup on Total Cost and Recently

question 85

Multiple Choice

Montana uses a 140% markup on total cost and recently computed a selling price of $1,560 for a particular product. On the basis of this information, the product's total cost is:

• A) $650.00.
• B) $910.00.
• C) $1,114.29.
• D) $2,184.00.
• E) none of the other answers are correct.

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Definitions:

Investment Account

An account that holds financial assets such as stocks, bonds, mutual funds, or other investments managed by a financial institution or individual.

Present Values

Present Values represent the current value of a future sum of money or stream of cash flows given a specified rate of return.

Annuities

Financial products that provide regular payment streams, typically for retirement income, over a defined period of time.

Compute

To calculate or process data using a computer or mathematical methods, leading to a result or solution.