Solved

Lien, the Proprietor of a Grocery Store, Prepares Her Deluxe

Question 97

Short Answer

Lien, the proprietor of a grocery store, prepares her Deluxe Nut Combo by mixing various ingredients she buys in bulk. The second column of the following table presents the amount of each ingredient Lien uses in making a batch of the Combo mix. In order to set the retail price of the Deluxe Nut Combo at 150% of her cost, Lien must determine her cost based on the average wholesale cost of the ingredients given in the third column. Lien, the proprietor of a grocery store, prepares her Deluxe Nut Combo by mixing various ingredients she buys in bulk. The second column of the following table presents the amount of each ingredient Lien uses in making a batch of the Combo mix. In order to set the retail price of the Deluxe Nut Combo at 150% of her cost, Lien must determine her cost based on the average wholesale cost of the ingredients given in the third column.    a. What is Lien's average cost per 100 g of her Deluxe Nut Combo? b. What is her retail price per 100 g?
a. What is Lien's average cost per 100 g of her Deluxe Nut Combo?
b. What is her retail price per 100 g?

Correct Answer:

verifed

Verified

a) $0.5433...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents