Multiple Choice
If a company sells 500 pounds of chocolate for a total net sales revenue of \$2,000, what is the unit price per pound of chocolate?
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4. Merchandising Operations
Net Sales
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Clarence saved 19\% of the money he earned. If Clarence earned \$90, how much did he save?
A
\$21.60
B
\$71.00
C
\$19.00
D
\$17.10
Verified step by step guidance1
Step 1: Identify the percentage of money Clarence saved, which is 19%. Convert this percentage into a decimal by dividing it by 100. This gives 0.19.
Step 2: Determine the total amount of money Clarence earned, which is \$90.
Step 3: Multiply the decimal form of the percentage (0.19) by the total amount earned (\$90) to calculate the amount saved. Use the formula: \( \text{Amount Saved} = \text{Percentage Saved} \times \text{Total Earned} \).
Step 4: Perform the multiplication: \( \text{Amount Saved} = 0.19 \times 90 \).
Step 5: The result of the multiplication will give the amount Clarence saved. Ensure the units are in dollars ($) for the final answer.
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