Final answer:
The cost of the wash rack is the same as its catalog price, which is $102,000. Other examples have been introduced to provide context on how to interpret costs, emphasizing the importance of understanding the presented information and numerical data for financial decisions.
Step-by-step explanation:
Understanding the Cost of a Wash Rack
The question asks for the cost of a commercially available, prefabricated wash rack if the catalog price is $102,000. The answer is straightforward: the cost of the wash rack is the same as the catalog price, which is $102,000. Therefore, the correct answer to the question is option 1) $102,000. This is a typical type of question in a mathematics class involving real-world applications of concepts related to consumer math and financial literacy.
When considering various costs provided for different products or services, such as laundry detergent or the cost of labor and machine usage in a factory, the principle remains consistent: the actual cost is the amount stated, unless there are additional factors such as discounts, taxes, or other fees mentioned, which are not indicated in this question.
It's important for students to clearly understand how to interpret written information and numerical data to make informed decisions regarding expenses, as seen in this exercise.