Sales and Revenue Breakdown Product % of Sales Sales Price COGS Contribution Profit Margin Weighted Profit Margin Party Pooch 45% $20.00 $10.40 $9.60 48.00% 21.60% Chicken Cuties 18% $15.00 $7.80 $7.20 48.00% 8.64% Bison Bites 5% $21.00 $10.80 $10.20 48.57% 2.43% Lamb Lovies 32% $24.00 $12.60 $11.40 47.50% 15.20% Total Sales % Average Profit Margin 100% 47.87% (Must equal 100%)

Sales and Revenue Breakdown Product % of Sales Sales Price COGS Contribution Profit Margin Weighted Profit Margin Party Pooch 45% $20.00 $10.40 $9.60 48.00% 21.60% Chicken Cuties 18% $15.00 $7.80 $7.20 48.00% 8.64% Bison Bites 5% $21.00 $10.80 $10.20 48.57% 2.43% Lamb Lovies 32% $24.00 $12.60 $11.40 47.50% 15.20% Total Sales % Average Profit Margin 100% 47.87% (Must equal 100%)

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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Question

I'm having an incredibly difficult time trying to find out how they solved the weighted profit margin in this image.

Sales and Revenue Breakdown
Product
% of Sales
Sales Price
COGS
Contribution
Profit Margin
Weighted Profit Margin
Party Pooch
45%
$20.00
$10.40
$9.60
48.00%
21.60%
Chicken Cuties
18%
$15.00
$7.80
$7.20
48.00%
8.64%
Bison Bites
5%
$21.00
$10.80
$10.20
48.57%
2.43%
Lamb Lovies
32%
$24.00
$12.60
$11.40
47.50%
15.20%
Total Sales %
Average
Profit Margin
100%
47.87%
(Must equal 100%)

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