The Honolulu HighSurf Hotel has a foyer shop that sells jars of pineapple marmalade. The shop manager likes to keep 20% of the following month's projected sales of marmalade in stock. Projected sales of marmalade in the next two months are:
$\begin{array} { | l | c | c | } \hline & \text { July } & \text { August } \\\hline \text { Marmalade jars to be sold } & 300 & 420 \\\hline\end{array}$ The shop has projected it will be holding 50 jars of marmalade in stock on 1^st July.
Required:
If the jars of marmalade cost $3 each, what is the cost of marmalade purchases to be made in July?

Question

The Honolulu HighSurf Hotel has a foyer shop that sells jars of pineapple marmalade. The shop manager likes to keep 20% of the following month's projected sales of marmalade in stock. Projected sales of marmalade in the next two months are:

\begin{array} { | l | c | c | } \hline & \text { July } & \text { August } \\\hline \text { Marmalade jars to be sold } & 300 & 420 \\\hline\end{array}

The shop has projected it will be holding 50 jars of marmalade in stock on 1^st July.
Required:
If the jars of marmalade cost $3 each, what is the cost of marmalade purchases to be made in July?

Quizplus · Accepted Answer

The shop manager likes to keep 20% of the following month's projected sales of marmalade in stock. So, the shop needs to have 20% of 420 jars, which is 84 jars, in stock on 1st August. The shop has projected it will be holding 50 jars of marmalade in stock on 1st July. So, the shop needs to purchase 84 - 50 = 34 jars of marmalade in July. The cost of marmalade purchases to be made in July is 34 * $3 = $1,002.

The Honolulu HighSurf Hotel Has a Foyer Shop That Sells