Bosley's Pet Foods buys dog kibble for $19.50 per bag less 40%. The store's overhead is 33 $\frac{1}{3}$ % of the selling price, and the desired profit is 10% of the selling price.
a) At what price per bag should the dog food be sold?
b) At this price, what is the rate of mark-up on cost?
c) What is the break-even price?

Question

Quizplus · Accepted Answer

The Answer of Bosley's Pet Foods buys dog kibble for $19.50 per bag less 40%. The store's overhead is 33 $\frac{1}{3}$ % of the selling price, and the desired profit is 10% of the selling price.
a) At what price per bag should the dog food be sold?
b) At this price, what is the rate of mark-up on cost?
c) What is the break-even price?

Bosley's Pet Foods Buys Dog Kibble for $19 13\frac{1}{3}31​ % of the Selling Price, and the Desired Profit Is

Bosley's Pet Foods Buys Dog Kibble for $19 $\frac{1}{3}$ % of the Selling Price, and the Desired Profit Is