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F. Naz
F. Naz, B.Com
Category: Multiple Problems
Satisfied Customers: 5325
Experience:  have completed B.Com and CA Finalist
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Refer to and use the following abbreviations problems below:

Customer Question

Refer to and use the following abbreviations for the problems below:
• BT = Box of tea
• S&H = Shipping and handling
• P = Desired profit per box of tea
• RFP = Rice-filled pad
"
3. Karen wants to compare using the cost plus method to the percentage markup method. If she sells 2 small rice pads, 4 medium rice pads, 2 large rice pads, and 20 boxes of $3.50 tea in a month, how much profit does she accumulate? What markup percentage based on cost would she have to use to make the same amount of profit on this month’s sales?
"(Show your work in this cell to solve for the profit she accumulates and the markup percentage based on cost she would have to use to make the same amount of profit.)
"
Amount Sold
Small RFP Selling Price=
Medium RFP Selling Price=
Large RFP Selling Price=
BT Selling Price
Small RFP Cost=
Medium RFP Cost=
Large RFP Cost=
BT Cost
Excel Formulas Total Profit
Total Cost
Markup % based on cost=
.
4. What prices should Karen charge (using the markup percentage) to obtain the same amount of profit as she did with the cost plus method? Do not include shipping.
"(Show your work in this cell to solve for the profit she accumulates and the markup percentage based on cost she would have to use to make the same amount of profit.)
"
"Use the marked cells below to fill in the appropriate numbers for the variables to check your answers.
"
Variables Used
Small RFP Cost=
Medium RFP Cost=
Large RFP Cost=
BT Cost =
Markup % based on cost=
Excel Formulas Small RFP Selling Price=
Medium RFP Selling Price=
Large RFP Selling Price=
BT Selling Price =
Submitted: 1 year ago.
Category: Multiple Problems
Expert:  F. Naz replied 1 year ago.

Hello,

The data you provided seems like insufficient to solve the question and also not displayed appropriate, can u please provide the full information with correctly displayed, thanks.

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