A Calculator That Cost $48

question 118

Multiple Choice

A calculator that cost $48.50 was sold for $65.96. Calculate the rate of mark-up based on cost price.

• A) 64%
• B) 36%
• C) 17.46%
• D) 26.47%
• E) 73.53%

---

Definitions:

Social Loafing

The occurrence in which people put in less effort towards attaining a goal while working as part of a team compared to when they work individually.

Free Rider Problem

A situation in group dynamics where some members benefit from resources or goods without contributing to the cost or effort, leading to potential issues in collective endeavors.

Two-Person Trip

A journey or excursion taken together by two individuals.

Three-Person Trip

An excursion or journey undertaken by three individuals together.