Yuki sells rose flower pots. She gets the pots from Lazada. The price he paid for 6 pots is Php4,800.00. To covers costs, Yuki needs to generate a profit margin of 68% for each vase. What percentage mark-up should she add on each pot? If all the pots are sold, what is the total revenue generated? What is the total profit generated? What is the % margin?

Yuki sells rose flower pots. She gets the pots from Lazada. The price he paid for 6 pots is Php4,800.00. To covers costs, Yuki needs to generate a profit margin of 68% for each vase. What percentage mark-up should she add on each pot? If all the pots are sold, what is the total revenue generated? What is the total profit generated? What is the % margin?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter2: The Purchasing Process

Section: Chapter Questions

Problem 1GPE

See similar textbooks

Similar questions

Durant Co. manufactures glass bottles for dairy products. The contribution margin is $0.10 perbottle. Durant just received notification that one of its orders for 100,000 bottles contained misprintedlabels and thus had to recall and reprint the bottle labels. If it will cost $0.05 per bottle to reprint thelabels and $1,000 to reship the bottles, what will the net contribution margin be after the recall?
If the units produced equals the units sold, which method would you expect to show the highernet operating income, variable costing or absorption costing? Why?
Mehmat has a monthly budget of 440TL, which he likes to spend on books(b) and movie tickets (m). Draw the budget contraint curve by putting books on the x-axis. Explain the opportunity cost of the movie ticket. 22b + 11m = 440TL
Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays an 8 percent franchise fee and 3 percent marketing fee on all revenue generated from room sales. Additional fees for using the hotel’s CRS are $2.00 per each room reserved. Internet service provider (IDS) related charges paid by the hotel for rooms sold through Internet sites including uberhothotels.com are $10.00 per room sold. Given this information, help Joel complete the revenue estimate worksheet presented below. Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party merchant Rooms sold 80 100 Standard rate $185 $160 Gross revenue Franchise fee (8%) Franchise marketing fee (3%) Franchisor's CRS fee ($2 per room) IDS fee Net total revenue Net ADR yield
Costco can purchase a bag of Starbucks coffee for $20.00 less discounts of 20%, 15%, and 7%. It then adds a 40% markup on cost. Expenses are known to be 25% of the regular unit selling price. a. What is the cost of the coffee? What is the regular unit selling price? How much profit will Costco make on a bag of Starbucks coffee? What markup on selling price percentage does this represent? Repeat questions (a) through (d) if the list price changes to $24.00.
Belletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier to Morden Equipment (ME). ME is Belletricity’s only client. Every year, Belletricity sells around 5 million circuit boards to ME, which occupies Belletricity’s full production capacity. In 2012, ME informed Belletricity that due to business expansion, ME would increase the purchase from 5 million to 15 million starting from 2013. Belletricity has been selling circuit boards at the unit rate of USD 0.8 to ME so far. Due to the future increase of the buying volume, ME therefore asked Belletricity a price cut to USD 0.6 each. After negotiation, ME agreed to buy from Belletricity at the price of USD 1.00 starting 2013, for three years consecutively, till 2015. a) What was the rationale behind that ME agreed to pay a higher price to buy from Belletricity for the next three years? b) Why could Belletricity successfully persuade ME to accept her requested price?
Please only answer parts f) rank pays 50,000/year in fixed costs. If his shop sells Q cups of tea in a year, the other costs add up to be 10000/Q + Q/20000 per cup of tea What is the: a) average fixed cost, b) average total cost c) variable cost and marginal cost (derived from the the variable cost) d) the annula production level such that the average variable cost is minimised e) the difference between the marginal cost and average variable cost at this production level f) supports Frank's cafe is small and cant influence market price. If price is P=4 use the forumula for marginal cost to the find the cafe's (short-run) profit maximising quantity of tea in a year. Also, show that at profit maximising quantity, price is greater than ATC so that Frank will operate
Pedro sells port wine for $36 per bottle. His fixed costs are $1,430. Variable costs are $11 per bottle. With the increased variable costs of $2 per bottle, what is the new breakeven revenue?
Ally’s friend, Kat, is going to start selling cookies for her at local events. Ally is going to give her 40% of the gross profit for each dozen she sells as a commission. The investment and fixed costs have changed but the variable cost for each dozen cookies has not. Since the cookies are so popular they are raising the price to $15 per dozen. Ally’s costs are: Initial investment: $450Fixed costs: $375Variable costs: $3 (per dozen) Ally expects Kat to sell 100 dozen cookies at each event. What is Ally’s projected NET profit after ALL expenses including her initial investment for the first twelve events Kat attends and how much will Kat make in commissions? Ally’s Net Profit = ; Kat’s Commission = Question 18 options: 1) Ally’s Net Profit = $13,575; Kat’s Commission = $3,600 2) Ally’s Net Profit = $10,185; Kat’s Commission = $4,800 3) Ally’s Net Profit = $7,815; Kat’s Commission = $5,760 4) Ally’s Net Profit = $9,815; Kat’s Commission = $6,760
The Marikina shoe company will produce a special-style shoe if the order is large enough to provide reasonable profit. To produce special-style shoe, the company incurs a fixed cost of Php 10 000 for the production set-up. The variable cost is Php 30 per pair and each pair sells for 2. Php 80. A. Find the expression for profit P. B. What is the break-even point?
Titan fitness makes barbells for crossfitters and wants to determine its break-even point. The total fixed cost for this business is $10000 and the variable cost is $100 per barbell. Titan fitness sells the barbell for $250 per unit. What is the break-even quantity? (Only enter a number, do not enter any units. Round your answer to the nearest whole number.
Item X is a standard item stocked in a company’s inventory of spare parts. Each year, the firm uses about 2,000 units of Item X, which costs Php 1,000 per unit. Storage costs, which include insurance and cost of capital, amount to 18 percent of item unit cost. Placing an order for more of Item X costs Php 400. The company operates 360 days per year and Item X is received 9 days after placement of order. How much would be Item X's total annual procurement cost? * Php 16,971 Php 2,000,000 None of the above Php 8,485 How much would be Item X's total annual storage cost? * Php 8,485 Php 16,971 Php 2,000,000 None of the above How much would be Item X's total annual stockout cost? * Php 16,971 Zero None of the above Php 8,485