A cheese merchant buys a case of cheese for a listed price of $96.00 less 16.5% from a cheese distributor. Overhead is 17% of cost and profit is 61% of cost. For how much should the item be retailed?

Question

Quizplus · Accepted Answer

The cost price after discount is $96 - 16.5% of $96 = $80.16. Adding overhead (17% of $80.16) gives $93.7872. Adding profit (61% of $80.16) gives a retail price of $142.69.

A Cheese Merchant Buys a Case of Cheese for a Listed