A Data Storage Device That Cost $20

question 72

Multiple Choice

A data storage device that cost $20.25 was sold for $79.99. Calculate the rate of mark-up based on cost price.

• A) 74.68%
• B) 25.32%
• C) 395.01%
• D) 295.01%
• E) 75.32%

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Definitions:

Compensation

Payment or reward given for services or to cover losses or damages, often relating to employment.

Remuneration

Compensation or payment received for services or employment, including wages, salaries, and bonuses.

Time-and-A-Half

A pay rate that is 1.5 times the employee's standard hourly rate, typically paid for overtime work.

Graduated Commission

A commission structure where the rate of commission increases with the amount of sales or revenue generated.