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Natali [406]
3 years ago
15

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, wha

t will be the approximate total cost of sales for next week
Business
1 answer:
Luda [366]3 years ago
8 0

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.

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