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A mini mart sells a case of soda at ₱480.00. The store’s overhead expenses are 30% of cost and the owner wants a profit that is 25% of the cost. 1. How much is the cost of one case of soda? 2. At what price must the store sell the case to cover all costs and expenses? 3. What is the highest rate of markdown so that the store will break-even?

A mini mart sells a case of soda at ₱480.00. The store’s overhead expenses are 30% of cost and the owner wants a profit that is 25% of the cost. 1. How much is the cost of one case of soda? 2. At what price must the store sell the case to cover all costs and expenses? 3. What is the highest rate of markdown so that the store will break-even?

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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Problem: A mini mart sells a case of soda at ₱480.00. The store’s overhead expenses are 30% of cost and the owner wants a profit that is 25% of the cost.

1. How much is the cost of one case of soda?

2. At what price must the store sell the case to cover all costs and expenses?

3. What is the highest rate of markdown so that the store will break-even?

4. What is the maximum amount of discount that can be offered without acquiring an absolute loss?

5. What is the rate of the discount?

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