Question

Francis's Bakeshop makes cupcakes that cost $.95 each. Francis knows that 20% of the cupcakes will spoil. Assume Francis wants a 35% markup on cost and produces 60 cupcakes. What should Francis charge for each cupcake? Round to the nearest cent. please help this is my last question

Answer 1

0.35 divided by 0.95 which equals 0.3325 and when you round it it is 0.33 so 0.33 plus 0.95 equals 1.28 so that is your answer but u have to write ur currency before ur answer

Answer 2

Answer: Francis should charge $1.60 per each cupcake.

Step-by-step explanation:

Since we have given that

Cost per cupcake = $0.95

Rate of wastage = 20%

Rate of used = 100-20=80%

Effective cost would be

$\dfrac{0.95}{100-20}=\dfrac{0.95\times 100}{80}=\ 1.1875$

Rate of mark up = 35%

Selling price would be

$\dfrac{100+35}{100}\times 1.1875\\\\=\dfrac{135}{100}\times 1.1875\\\\=1.35\times 1.1875\\\\=\ 1.60$

Hence, Francis should charge $1.60 per each cupcake.