If the Rate of Mark-Up on an Item Is 80

question 230

Multiple Choice

If the rate of mark-up on an item is 80% of cost and it is later sold after a 40% markdown, what is the rate gross profit that was actually realized?

• A) 40% of cost
• B) 32% of cost
• C) -16% of cost
• D) 8% of cost
• E) Zero

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Definitions:

Color-Blindness

An ideology that advocates ignoring racial differences as a way to address racial discrimination, often critiqued for failing to acknowledge systemic inequalities.

Structural Inequalities

Systematic disparities in access to resources, opportunities, rights, and privileges across different social groups, perpetuated by established societal norms and structures.

Economic Plight

Refers to the challenging financial conditions or difficulties faced by an individual, group, or region.

Pay-Day Lenders

Financial services companies that offer short-term loans with high-interest rates, often targeted towards individuals with financial difficulties.