Number of cookies made --- 200
cost of cookies = 1.6(200) = $320
50 are broken and 150 are good
to have a 55% markup on cost, her return must be 1.55($320) = $496
let her selling price of good cookies be x
1.6(50) + 150x = 496
solve for x
Arley’s Bakery makes fat-free cookies that cost $1.60 each. Arley expects 25% of the cookies to fall apart and break. Assume that Arley can sell the broken cookies for $1.50 each. Arley wants a 55% markup on cost and produces 200 cookies. What price should Arley charge for each unbroken cookie? (Round your answer to the nearest cent.)
1 answer
1 answer