Answer:
c. 93.3%
Step-by-step explanation:
The formula and the computation of the labor-force participation rate is shown below:
Labor-force participation rate = Labor force ÷ Adult population
where,
Labor force = Employed people + unemployed people
= 25 million + 3 million
= 28 million
And, the adult population is
= 25 million + 3 million + 1 million + 1 million
= 30 million
So, the labor force participation rate is
= 28 million ÷ 30 million
= 93.3%
Discount amount: $160.20
Sale price: $729.80
