The basic retailing equation states that the cost of an item is not equal to the selling price plus ...

The basic retailing equation states that the cost of an item is not equal to the selling price plus the markup.
  Indicate whether the statement is true or false

Q. 2

E J owns some property that has an assessed value of 432,920. Calculate the tax due if the tax rate is 32.25 mills.
 A) 3,225.00
  B) 13,961.67
  C) 1,223.88
  D) 12,774.67

Q. 3

Seasonal goods don't undergo markups and markdowns during their selling season.
  Indicate whether the statement is true or false

Q. 4

Suppose you bought a digital camera for a total purchase price of 276.99. If state taxes were 6.2, what was the amount of the sales tax?
 A) 22.19
  B) 16.17
  C) 6.20
  D) 3.12