Use the table or graph to answer the question.
-The following chart shows an appliance storeʹs average percent profit margin on certain items: $$\begin{array} { c | c }
\text { Product category } & \text { Average profit margin,\% } \
\hline \text { Washer/Dryer } & 19 \
\text { Refrigerator } & 14 \
\text { Stove } & 18 \
\text { Microwave } & 38
\end{array}$$ What is the average profit for the store if it lists the price of a particular refrigerator at $800?
A) $304.00
B) $112.00
C) $608.00
D) $98.25

Question

Use the table or graph to answer the question.
-The following chart shows an appliance storeʹs average percent profit margin on certain items: $$\begin{array} { c | c } 
\text { Product category } & \text { Average profit margin,\% } \
\hline \text { Washer/Dryer } & 19 \
\text { Refrigerator } & 14 \
\text { Stove } & 18 \
\text { Microwave } & 38
\end{array}$$ What is the average profit for the store if it lists the price of a particular refrigerator at $800?
A) $304.00
B) $112.00
C) $608.00
D) $98.25

Quizplus · Accepted Answer

The average profit for the store on a refrigerator listed at $800, with a profit margin of 14%, is calculated as $800 * 0.14 = $112.00.

Use the Table or Graph to Answer the Question What Is the Average Profit for the Store If It