Corner Coffee Shop’s latte’s are $3. You are a barista at a different coffee shop, and...
Corner Coffee Shop’s latte’s are $3. You are a barista at a different coffee shop, and you know that it takes about $0.5 worth of inputs to make a latte.
A.) What is Corner Coffee Shop’s % markup?
B.) What is Corner Coffee Shop’s % margin?
Homework Answers
The price of a latte is $3 and the cost is $0.5. Now markup is defined as (sale price-cost of sales)/cost of sales
Thus, the coffee shops' markup =(3-0.5)/0.5*100=500%.
The margin is defined as (sale price-cost of sales)/price of sales
The coffee shop's margin = (3-0.5)/3*100=83.33%
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