Shawna Bought an Antique Table for $200 Last Year and Is

question 37

Multiple Choice

Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is

• A) 10 percent.
• B) 20 percent.
• C) 25 percent.
• D) 30 percent.

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Definitions:

Sales Mix

The relative proportion of different products or services sold by a company, significantly influencing its overall profitability.

Existing Sales

The volume or amount of sales that a company has already achieved within a specific period, prior to any new sales efforts or campaigns.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating the portion of sales available to cover fixed costs and generate profit.

Constrained Resource

A limiting factor that affects a company's ability to meet production goals or maximize profits.