Question

Mary makes herbal teas to sell . Her most popular blend is a combination of 2 kinds of mint, 75% spearmint and 25% peppermint, by weight . She buys the mint from a wholesale company . The prices she pays for each are shown in the table.
spearmint - $2.25
peppermint- $2.75
if Mary wants to sell her mint blend for 1.6 times her cost, what should she charge per ounce?

Answer 1

Mary should charge $8.0 per ounce.

From the question the herbal tea is a blend of 2 kinds of mint:

75% spearmint- $2.25

25% peppermint-$ 2.75.

The  cost of producing one ounce is:

75% spearmint- $2.25 + 25% peppermint-$ 2.75. =$5

The cost of the tea if it is to be sold 1.6 times will be calculated thus;

$5×1.6= $8.0

To get the new cost of the mint tea blend, the old cost is thus, multiplied by 1.6. This gives us the new cost of the mint tea blend.

Therefore cost per ounce will be $8.0

learn more about  cost and selling price on

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