The Sweet Candy Shop buys 600 pounds of chocolate covered strawberries at $5.59 per pound. If a 10% spoilage rate is anticipated, at what price per pound should the strawberries be sold in order to achieve a 60% markup based on cost
If sold at price p you need the revenue from 90%of the 600 pounds to be 1.60 times the cost of 600 lbs at $5.59
600(1-.10)p = 600*5.59*1.60
p = $9.94
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?