Question

Janet Hardee runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.40, which she sells for $2.00.

Required

a. What is Janet's markup percentage on a bag of popcorn?
b. If Janet wants to earn a 500% markup on a bag of popcorn, what price must she charge?
c. If Janet lowers her price per bag to $1.50, what markup percentage will she earn on a bag of popcorn?



$1.99
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  • CreatedFebruary 21, 2014
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5000