MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three other retail ice cream vendors in these provinces along with MuCao with the following sales revenue and units: BrandRevenueUnitsXihuan Cones71,90845,502MuCao Creamery106,16264,080Scoops27,36618,024Swirls51,11729,891 What is MuCao's average price per cone?Do not give solution in image

Answer:- Formula:- Average price = Total Revenue / Number of units sold

Answered: MuCao Creamery has recently expanded…

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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MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three other retail ice cream vendors in these provinces along with MuCao with the following sales revenue and units:

Brand	Revenue	Units
Xihuan Cones	71,908	45,502
MuCao Creamery	106,162	64,080
Scoops	27,366	18,024
Swirls	51,117	29,891

What is MuCao's average price per cone?

Do not give solution in image

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