Michelle went to Baguio and bought 20 jars of strawberry jain for P3,500.00 with 1 5% discount. When she got back to Manila, she sold 10 of the jars for a total of P1,800.00and the rest as P185.00 each. How much profit did Michelle again?

Michelle went to Baguio and bought 20 jars of strawberry jain for P3,500.00 with 1 5% discount. When she got back to Manila, she sold 10 of the jars for a total of P1,800.00and the rest as P185.00 each. How much profit did Michelle again?

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter13: Pricing Concepts

Section13.5: Breakeven Analysis

Problem 1LO

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Concept explainers

Buying

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are offered a present from your relative, it can not be termed “buying” as value exchange is only from one side. Therefore, any form of gifting is not considered buying. The most common medium of exchange to facilitate buying is currency.

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Michelle went to Baguio and bought 20 jars of strawberry jain for P3,500.00
with 1 5% discount. When she got back to Manila, she sold 10 of the jars for a
total of P1,800.00and the rest as P185.00 each. How much profit did Michelle
again?

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