Markup on Selling Price - www.atcmathprof.com

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• markup on cost
• selling price
• turnover
• valuation of inventory
• formula for markup
• markup on selling price
• markup percent
• average inventory
• stock turnover
• uniform product codes
• FIFO
• LIFO
• absolute loss
• break even point
• gross loss
• new profit
• weighted average

[zacjungers]

I see how you're getting it...9 dollars total cost, so 18 dollars total sales, then dividing that by 50 donuts. So it the way of thinking about this: "We want to achieve 50% markup on SP overall, but we won't sell all of our units, so effective unit pricing needs to be done at 58.33% markup on SP" ?

[zacjungers]

Why is the answer to the last problem 36 cents per doughnut? 50% markup on SP equals 100% markup on cost. Donuts costs 15 cents each, thus would sell for 30 cents each. I don't understand why it matters how many donuts were actually sold, that seems irrelevant. Can someone explain?

[TheDISNEY365]

thanks!!!!