John's Smoothie Stand at Utah's Wasatch County's Demolition Derby sells bananas. If John bought 51 lbs. of bananas at $.26 per pound expecting 10% to spoil, how should he price his bananas to achieve a 58% markup on selling price? (Round your answer to the nearest cent.) Price
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- Frank sells produce. He must mark the selling price of bananas high enough to make the desired profit. He paid $0.45 per pound for 400 pounds of bananas. On average, 10% of the bananas will spoil. Find the selling price per pound needed to achieve 145% markup on cost.Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each 3 pack is 29.95 and you sell them for 59.95. If your operating expenses for the year total 144,080, what are your net income and net profit margin percentage?The first customer bought $3.00 worth of oranges. She bought them in a bag, so she didn't know that the price came out to $0.40 per pound. The next customer also bought a $3.00 bag of oranges, but he paid $0.50 per pound for his oranges. Of the oranges sold so far, what has been the average price per pound?
- Help me please2. Vince Rafael needs 69 dollars to buy all the stuff that he needs to make barbeques. The community allows him to sell these barbeques at the street. The community charges him 1.25 dollars for each barbeque sold. a. Determine the break even point if the selling price of his barbeque is $1.72. b. What is the Profit at break-even point? c. What is the Profit or Loss at 153 quantity of barbeque?A local pizza shop owner decides to hire an economic consultant to help him set his prices. Currently, one slice of pizza costs $2 and the store sells about 800 slices per week. The pizza shop's current revenue from sales is equal to $____. The economic consultant estimates that the price elasticity of demand is equal to -0.25, and suggests that the shop owner should increase the price of a slice of pizza by $0.50; that is, the consultant recommends increasing the price of pizza by ____%. The consultant claims that doing so would (a. Increase b. Decrease or C.have no effect on)_____ the number of slices sold by ____% or ____ slices. As a result, the economist predicts that the new revenue would be ____ Thus as a result of the increase in the price there is ____ in revenue. This is due to the fact that the pizza shop owner was operating on the ____ portion of the demand curve. (fill in the blanks)
- You typically buy all of your groceries at Grocery Mart. This week, your favorite cereal is on sale there, 5 boxes for $12. At Food Market, where you don't typically shop, the same cereal is on sale for $3.05 a box. What's the unit price at Grocery Mart? What is the unit price at Food Market? Based on price, which is the better value option?Let's say you spend $10,125 to open up a pie store. The retail price of pies is $13, and each pie costs you $3 to make. What is the break even point? (i.e., what is the number of pies you must sell to break even?).Aunt Sally's "New Orleans Most Famous Pralines" sells pralines costing $1.04 each to make. If Aunt Sally's wants a 30% markup based on selling price and produces 35 pralines with an anticipated 20% spoilage, what should each praline be sold for? (Use your unrounded "number of units available for sale" value (after accounting for spoilage). Round your answer to the nearest cent.) Selling price
- A woman bought 130kg of tomatoes for 2000 cedis . she sold half of the tomatoes at ba profit of 30%. The rest of the tomatoes begun to go bad , she then reduce to the SELLING price by 12% per kg . a. calculate the new selling price .b the percentage profit on the whole transaction , if she threw away 5kg of bad tomatoes Give typing answer with explanation and conclusionTeresa's taco truck currently sells 2,500 tacos per day, for $6 each. Teresa estimates that, for each $1 she Increases the price of a taco, she will sell 300 less tacos per day (fewer people will want to buy if the price Increases). 1. How much money does Teresa currently make (total) per day? 2. How much revenue would she make If she Increased the price of a taco to $7 and she sold 300 fewer tacos? 3. Find a function that glves the quantity sold in terms of the price. (Hint, find two points and then find the linear equation between them.) 4. Find a function that models Teresa's revenue per day in terms of the price of a taco. (Hint: Revenue=quantity times price.) 5. Find the taco price and total revenue that maximizes revenue per day from taco sales. Round your answer(s) to the nearest cent.A bakery shop sells a cake. The case must be baked at the beginning of the day. Each unit of cake costs $28 and can be sold for $59. The shop will donate any unsold units for charity. The owner of the shop too many shortages is not desirable. She assumes that there is a penalty cost of $11 for each unit of shortage. Suppose the shop bakes 71 units of cakes at the beginning of the day (before the shop is open). The demand for the cakes turns out to be 62 units. What is the profit for the day? Please show calculation in details