In Making a Purchase from a Wholesaler, a Retailer Is

question 64

Multiple Choice

In making a purchase from a wholesaler, a retailer is told that a certain item will earn a 100 percent markup on cost. What markup on selling price will this be?

• A) 75%
• B) 100%
• C) 66 2/3%
• D) 200%
• E) 50%

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Definitions:

Thoracic

Relating to the thorax, the area of the body between the neck and the abdomen that contains the heart and lungs.

Lumbar

Referring to the lower region of the spine, composed of five vertebrae, which bears most of the body's weight and is associated with back pain.

Sympathetic Chain

A part of the autonomic nervous system consisting of a series of nerve fibers that run alongside the spinal column, influencing the body's fight or flight response.

Spinal Nerve

One of 31 pairs of nerves formed by the joining of the dorsal and ventral roots that arise from the spinal cord.