Mike’s Bakery makes brownies that cost $.80 each. 15 percent of the crownies will spoil and thus are not salable. Mike wants a 35 percent ma

Question

Mike’s Bakery makes brownies that cost $.80 each. 15 percent of the crownies will spoil and thus are not salable. Mike wants a 35 percent markup based on cost. Mike produces 500 brownies. Each brownie should sell for:

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Khải Quang 5 years 2021-09-04T11:28:31+00:00 2 Answers 36 views 0

Answers ( )

  1. thienan
    0
    2021-09-04T11:29:59+00:00
    Reply

    Answer:

    Step-by-step explanation:

    Cost = 500 * .80 = $400

    35% markup = $400*.35 = $140

    $400 (cost) + $140 (profit) = $540

    500 brownies w/15% waste = 500 * .15 = 75 bad brownies

    500 brownies minus 75 brownies = 425 brownies

    $540 total cost + profit divided by 425 brownies = $1.27 price per brownie.

  2. RuslanHeatt
    0
    2021-09-04T11:30:25+00:00
    Reply

    Answer:

    Each Brownie should sell for $ 1.27.

    Step-by-step explanation:

    Since Mike’s Bakery makes brownies that cost $ .80 each, of which 15 percent will spoil and thus are not salable, and Mike wants a 35 percent markup based on cost, producing 500 brownies, to determine the price at which each brownie should sell for the following calculation must be performed:

    500 x 0.80 = 400

    500 x 0.85 = 425

    400 x 1.35 = 540

    540/425 = 1.27

    Therefore, each Brownie should sell for $ 1.27.

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