Question

1243.00 The cost of wine for next week will increase by 2% from the current week. If all other cost of sales stays constant, what will be the approximate total cost of sales for next week

Answer 1

Answer:

The approximate total cost of sales for next week will be $1,267.86

Explanation:

Hi, all we need to do is use the following formula

$Price(1)=Price(o)*(1+increase)$

Where:

Price(1)= The price of next week

Price(o)= Current price ($1,243)

increase= increase percentage (in our case, 2% or 0.02)

All should look like this.

$Price(1)=1,243*(1+0.02)=1,267.86$

So, the cost of sales for next week will be $1,267.86

Best of luck.