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Marcus wants to start a cookie business. Each batch of cookies costs him $3.50 in ingredients and packaging. If he wants to make a gross profit of $2.25 per batch, what price should he charge? a. $4.75 b. $5.75 C. $1.25 d. $2.25

Marcus wants to start a cookie business. Each batch of cookies costs him $3.50 in ingredients and packaging. If he wants to make a gross profit of $2.25 per batch, what price should he charge? a. $4.75 b. $5.75 C. $1.25 d. $2.25

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Marcus wants to start a cookie business. Each batch of cookies costs him $3.50 in ingredients and packaging. If he wants to make a gross profit of $2.25 per batch, what price should he charge? a. $4.75 b. $5.75 C. $1.25 d. $2.25
Transcribed Image Text:Marcus wants to start a cookie business. Each batch of cookies costs him $3.50 in ingredients and packaging. If he wants to make a gross profit of $2.25 per batch, what price should he charge? a. $4.75 b. $5.75 C. $1.25 d. $2.25
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