Kacey has a local store that sells fresh deli meat, cheese, spices, and a variety of pantry items. Kacey has several best-selling drink mixes: vanilla cappuccino, dark hot chocolate, white peppermint mocha, and chai latte. Each container of drink mix costs Kacey $2.39. Shipping on a box of 24 drink mixes costs $2.88. Kacey uses a cost plus markup method, whereby she adds the same set amount to each box of drink mix. In other words, she splits up the cost of shipping equally between the 24 drink mixes. Kacey sells each container of drink mix for $4.15. a) What is the markup percent based on cost for a container of drink mix? Kacey also carries honey that she purchases locally. The honey comes in three sizes: small, medium, and large and costs $3, $5, and $7 respectively. The honey sells for $6.50, $9.00, and $11.50 respectively. b) What is the markup percent on each size jar of honey?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Kacey has a local store that sells fresh deli meat, cheese, spices, and a variety of pantry items. Kacey has several best-selling drink
mixes: vanilla cappuccino, dark hot chocolate, white peppermint mocha, and chai latte. Each container of drink mix costs Kacey
$2.39. Shipping on a box of 24 drink mixes costs $2.88. Kacey uses a cost plus markup method, whereby she adds the same set
amount to each box of drink mix. In other words, she splits up the cost of shipping equally between the 24 drink mixes. Kacey sells
each container of drink mix for $4.15.
a) What is the markup percent based on cost for a container of drink mix?
Kacey also carries honey that she purchases locally. The honey comes in three sizes: small, medium, and large and costs $3, $5, and
$7 respectively. The honey sells for $6.50, $9.00, and $11.50 respectively.
b) What is the markup percent on each size jar of honey?
c) If she sells 3 small jars of honey, 5 medium jars of honey, 2 large jars of honey, and 15 containers of drink mix, how much profit
does she accumulate on these items? What markup percent based on cost would she have to use to make the same profit on this
month’s sales? Round to the nearest tenth of a percent.
d) What prices should Kacey charge (using the markup percent) to obtain the same amount of profit as she did with the cost plus
method for the drink mixes as well as the different sizes of honey? Do not include shipping.
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