If Maury's Work Warehouse Sets Retail Prices So That Mark-Ups

question 232

Multiple Choice

If Maury's Work Warehouse sets retail prices so that mark-ups are equal to 20% of cost, what is the cost of a pair of work boots that have a retail price of $129?

• A) $108.00
• B) $103.20
• C) $101.91
• D) $92.00
• E) $86.50

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Definitions:

Stung

To feel a sharp, burning pain, often as a result of a bite or sting from an insect or plant.

Honeybee

A social insect, known for producing honey and beeswax, that plays a critical role in pollination.

Greenstick

A type of fracture in children where the bone bends and cracks, instead of breaking completely.

Fracture

Any break in a bone.