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Fresh Market prepares gourmet dinners each day. On Wednesday, 80 baked chicken
dinners were made at a cost of each. A spoilage rate in anticipated. At what
selling price should the dinners be sold to acheive a markup based on selling price?
Select one:
a.
b.
c.
d.

Ask by Haynes Tucker. in the United States
Jan 24,2025

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The dinners should be sold at $9.72 each to achieve a 60% markup based on the selling price.

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Mind Expander

To solve this problem, we first need to account for the spoilage. With 80 dinners and a 10% spoilage rate, the number of dinners that will actually be sold is:
dinners.
Next, calculate the total cost of the dinners:
.
Since only 72 dinners will be sold, the cost per dinner needs to account for the total cost divided by the number sold:
.
To achieve a 60% markup based on the selling price, we can use the formula:
Substituting the values gives us:
.
Thus, the selling price should be .

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