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:

State Governments

The governing bodies of individual states within a federal system, responsible for local legislation and administration.

Fundamental Governing

The basic rules and principles that guide the operations of a government or organization.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, and among the several states and with the Indian tribes.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.