Question

12. Clark and Louis are printing programs for the Metro City Ballroom chariety event. Supplies and energy needs. The prograotal ofr $100, Planet Daily News Inc. is donating all equipment he programs will be sold fo r $5. What is the mark up rate?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Costs involved in making the programs are the printing costs, supply cost, equipment cost and energy cost. Of these printing, energy and equipment are donations which make them cost free. The only cost is the supply cost

Supply cost is $100 for 5500 programs. Therefore, per program cost = 100 / 500 = $ 0.2

Selling Cost per program = $5

Mark Up Rate = [(5 - 0.2) / 0.2] x 100 ~ 2400 %

Add a comment
Know the answer?
Add Answer to:
12. Clark and Louis are printing programs for the Metro City Ballroom chariety event. Supplies and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • multiple choice answers in one (1) document. Maker manufactures printing presses. News, a publisher of a...

    multiple choice answers in one (1) document. Maker manufactures printing presses. News, a publisher of a local newspaper, was interested in purchasing a few presses. Rep, a representative of Maker, met with Bill, the president of News, to describe the advantages of Maker's presses. Rep also drew rough plans of the alterations that would be required in the News pressroom to accommodate the new presses, including additional floor space and new electrical installations, and left the plans with Bill.  On...

  • Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith....

    Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith. SSL’s line of business is centered on providing services for the local entertainment industry as well as other organizations such as civic groups and churches in need of support for large gatherings. SSL’s services range from simple DJ services to rental and sale of audio, video, and lighting equipment. Support may be provided on either a continuous or a one-time basis. SSL has noticed...

  • Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix by Marvin G. Perez and Lynn Doan Coffee...

    Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix by Marvin G. Perez and Lynn Doan Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix Marvin G. Perez and Lynn Doan March 13, 2014, 5:17 PM EDT Doreen Cappelli is so hooked on her morning cappuccino that she says she’d pay a lot more to get it. “I don’t drink wine and alcohol,” Cappelli, 52, said after buying the $3.25 drink at Blue Bottle Coffee at San Francisco’s Ferry Building, in the...

  • Playgrounds and Performance: Results Management at KaBOOM! (A) We do this work because we want to...

    Playgrounds and Performance: Results Management at KaBOOM! (A) We do this work because we want to make a difference in the world; how can we go further faster? - Darell Hammond, CEO and co-founder, KaBOOM! Darell Hammond stepped onto the elementary school playground and took a long, slow look around. It was 8 a.m. on an unusually warm fall day in 2002 and the playground was deserted, but Hammond knew the children would start arriving soon to admire their new...

  • 4. Perform a SWOT analysis for Fitbit. Based on your assessment of these, what are some strategic options for Fitbit go...

    4. Perform a SWOT analysis for Fitbit. Based on your assessment of these, what are some strategic options for Fitbit going forward? 5. Analyze the company’s financial performance. Do trends suggest that Fitbit’s strategy is working? 6.What recommendations would you make to Fitbit management to address the most important strategic issues facing the company? Fitbit, Inc., in 2017: Can Revive Its Strategy and It Reverse Mounting Losses? connect ROCHELLE R. BRUNSON Baylor University MARLENE M. REED Baylor University in the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT