Ask Question
BusinessBusiness
21 July, 18:32

Compute the selling price of a sports drink that has a cost of $1.25 per item. The store needs to generate a profit of $0.50 per item.

+3
Answers (1)
  1. 21 July, 18:37
    0
    There are two main different methods of pricing. One is cost based pricing and the other is the market based pricing. The cost based pricing involves adding a profit margin (Mark-up) to the costs. In the given the case, mark up is $0.50 per item and the cost is $1.25 per item. Hence the selling price of the sports drink would be $1.75 ($1.25+$0.5)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Compute the selling price of a sports drink that has a cost of $1.25 per item. The store needs to generate a profit of $0.50 per item. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During the new employee orientation, the training officer meets with the new EMTs and explains to them the monthly training schedule and the classes they must attend for EMT recertification.
Answers (1)
In december 2017, quebecor printing received magazine subscriptions for 2018 from a customer, who paid $200 in cash. what would be the appropriate journal entry for this event?
Answers (1)
Giorgio Italian Market bought $4,200 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $4,200. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
Answers (1)
Choose the option that best matches the description given. Program planning for the best may include therapy, effective discipline strategies, crisis treatment, and/or family counseling. 1.) Direct - contact services 2.) All-inclusive therapy 3.
Answers (2)
Digital certificates are issued by organizations known as what term?
Answers (1)
New Questions in Business
A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called A. a production possibility curve. B. a production function. C. an isocost function. D.
Answers (1)
Guardrails should be installed along all open sides and ends of scaffolding before use. A. False B. True
Answers (1)
A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to the date of the fire: Inventory, January 1, 2017 $423,300 Sales revenue to February 10, 2017 1,924,500 Purchases to
Answers (1)
How should you use operating costs when calculating incremental cash flows? Group of answer choices: A. Do not subtract operating costs, and then subtract taxes on operating income before operating costs. B. Subtract operating costs. C.
Answers (1)
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance
Answers (1)
Home » Business » Compute the selling price of a sports drink that has a cost of $1.25 per item. The store needs to generate a profit of $0.50 per item.
Sign Up Forgot Password?