Meti produces homemade candles and is preparing to open a small store to sell her creations. She has analyzed the market and her competitors and decides that she wants to sell her candles for $10.00. Based on her research, she knows she needs to make at least a 10 percent profit on each candle. Using demand-based pricing, we know that Meti's cost to produce the candles must not be greater than
A) $9.09.
B) $11.00.
C) $9.00.
D) $10.09.
E) $10.91.

Question

Quizplus · Accepted Answer

To ensure a 10 percent profit on a selling price of $10.00, Meti's cost must be 90% of the selling price. $10.00 * 90% = $9.09.

Meti Produces Homemade Candles and Is Preparing to Open a Small