Question: At the Happy Ever After Bar, the new manager Patrick has been told they use the following methods to calculate their selling prices. Drink Method

At the Happy Ever After Bar, the new manager Patrick has been told they use the following methods to calculate their selling prices.

Drink

Method of calculating price

Selling Price

Carlsberg Beer

Contribution Margin

MOP35.00

MOP40.00

Heineken

Pricing Factor

8

MOP48.00

Tsing Tao

Beverage Cost %

12%

MOP50.00

Macau Beer

Pricing Factor

7

MOP35.00

Stella Artois

Beverage Cost %

20%

MOP65.00

Asahi

Contribution Margin

MOP30.00

MOP35.00

They now want to standardize all the prices with a beverage cost of 11% except for Stella Artois and Heineken for which they want a beverage cost of 15%. Please help Patrick calculate the new selling prices for all the drinks.

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