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:

Extensive Mechanization

The widespread application of machinery and automation to increase production and efficiency.

Deskilling Of Work

The reduction in the complexity of work tasks, typically due to automation or the simplification of jobs, resulting in a decreased demand for skilled labor.

Labor History

The study of the development, organization, and movements of working-class groups and labor unions, often in the context of economic, social, and political changes.

Corporate Management

The process of directing, controlling, and administering a company or organization.