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oee [108]
3 years ago
11

Angie’s Bake Shop makes birthday chocolate chip cookies that cost $3 each. Angie expects that 12% of the cookies will crack and

be discarded. Angie wants a 60% markup on cost and produces 150 cookies. What should Angie price each cookie? (Round your answer to the nearest cent.)
Business
1 answer:
mestny [16]3 years ago
4 0

Answer:

<em>Price per cookie $5.5</em>

Explanation:

The cost per cookies inclusive of wastage

$3× 100/(100-12)

=$3.409

<em>Total cost  for  150 units</em>

= 150× 43.409

= $511.36

<em>Total sales value for 150 units</em>

=  $511.36 + (60% × 511.36)

= $818.1818

Selling price per unit

<em>=</em><em>$818.18/150 units</em>

<em>= $5.5</em>

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