A Producer Sells an Item to a Wholesaler for $4

question 150

Multiple Choice

A producer sells an item to a wholesaler for $4.00, and the wholesaler uses a markup of 25 percent on its selling price. What will be the cost to the retailer?

• A) $4.75
• B) $4.87
• C) $5.03
• D) $5.33
• E) $5.45

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Definitions:

Artificialism

The belief, often observed in children, that environmental features were made by people or have an inherent purpose related to human intention.

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective.

Contact Comfort

A hypothesized primary drive to seek physical comfort through contact with another.

Critical Periods

Specific times during an organism's life when it is particularly receptive to certain stimuli, which has long-term effects on behavior and development.