The Rate of Mark-Up on Selling Price Is 20% for an Item

question 90

Multiple Choice

The rate of mark-up on selling price is 20% for an item that cost the retailer $84. What is the selling price?

• A) $67.20
• B) $16.80
• C) $58.00
• D) $105.00
• E) $26.00

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Definitions:

Social Influence

The impact that individuals or groups have on a person's attitudes, beliefs, decisions, or actions through direct or indirect means.

Memorable Characteristics

Distinctive features or qualities of something or someone that make them easily remembered.

Teen Boys

Male individuals in the adolescent age group, typically between the ages of 13 and 19, experiencing physical, emotional, and social changes.

Own-Age Bias

The tendency to better recognize and remember faces of people who are around the same age as oneself.