Asked by egmar
Production costs for lollies strawberry $9.55, orange $8.70, grape $9.99, bubblegum $6.30. The packaging is the same for all flavours and costs $5.00 per lolly. Business like to make a 25% mark up on their stock
Business rent a table at flea market every Saturday for $400 a day where they sell their goods. Calculate the retain price of the strawberry lolly and what is the average production cost among all of the lolly flavours?
Business rent a table at flea market every Saturday for $400 a day where they sell their goods. Calculate the retain price of the strawberry lolly and what is the average production cost among all of the lolly flavours?
Answers
Answered by
oobleck
avg cost = (total cost)/(# lollies)
cost per strawberry lolly: 5.00 + 9.55 + some fraction of the $400 table cost
whatever that is, add 25% for the retail price needed.
cost per strawberry lolly: 5.00 + 9.55 + some fraction of the $400 table cost
whatever that is, add 25% for the retail price needed.
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