Village Foods employs a 35% rate of mark-up on cost of all dairy products. The store's overhead averages out to 20% of sales each month. What is the operating profit on a 4-litre pail of ice cream for which the wholesale cost is $4.65?

Question

Quizplus · Accepted Answer

The Answer of Village Foods employs a 35% rate of mark-up on cost of all dairy products. The store's overhead averages out to 20% of sales each month. What is the operating profit on a 4-litre pail of ice cream for which the wholesale cost is $4.65?

Village Foods Employs a 35% Rate of Mark-Up on Cost