An Item Costs a Retailer $140

question 32

Multiple Choice

An item costs a retailer $140. If a 30 percent markup is desired, what should the retail selling price be?

• A) $191.00
• B) $242.00
• C) $182.00
• D) $140.30
• E) $200.00

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Definitions:

Gender Pay Gap

The average difference in pay between men and women, often highlighting disparities in earnings for similar work or across the labor market.

Discrimination

Unfair or prejudiced treatment of individuals based on characteristics such as race, gender, age, or sexuality.

Market Wages

The prevailing pay rates for jobs in the competitive job market, influenced by factors such as industry, complexity, and location.

Compensating Differential

The additional amount of income that a worker requires to accept a job that is less desirable in some way compared to a job with no undesirable attributes.