Bosley's Pet Foods buys dog kibble for $19.50 per bag less 40%. The store's overhead is 33 % of the selling price, and the desired profit is 10% of the selling price.
a) At what price per bag should the dog food be sold?
b) At this price, what is the rate of mark-up on cost?
c) What is the break-even price?

Question

Bosley's Pet Foods buys dog kibble for $19.50 per bag less 40%. The store's overhead is 33  % of the selling price, and the desired profit is 10% of the selling price.
a) At what price per bag should the dog food be sold?
b) At this price, what is the rate of mark-up on cost?
c) What is the break-even price?

Quizplus · Accepted Answer

The Answer of Bosley's Pet Foods buys dog kibble for $19.50 per bag less 40%. The store's overhead is 33  % of the selling price, and the desired profit is 10% of the selling price.
a) At what price per bag should the dog food be sold?
b) At this price, what is the rate of mark-up on cost?
c) What is the break-even price?

Bosley's Pet Foods Buys Dog Kibble for $19