Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the retail price of an item is $21 and the retail gross profit margin is 33 percent, what is the wholesale cost? $14 $12
If the retail price of an item is $21 and the retail gross profit margin is 33 percent, what is the wholesale cost?
$14 | ||
$12 | ||
$25 | ||
$17 |
If you purchase $250,000 worth of insurance to protect your restaurant, with a $10,000 deductible, how much money are you entitled to receive as a payout if a tornado destroys your store?
$250,000 | ||
$100,000 | ||
$240,000 | ||
None of the above |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started