Plz helpp. Not sure if the one is correct pp. 561-562 12. Tim and Helen are host

Question

Plz helpp. Not sure if the one is correct

pp. 561-562 12. Tim and Helen are hosting a bake sale. The ingredients to make one dozen cupcakes cost $9.50. All baking supplies, except ingredients, and energy uckes? price the cupcakes at $3.50 each. What is the markup rate or except ingredients, and energy costs are donated. Tim and Helen -95- 3250 77 markup 10de PP. 566-568 13. Arthur builds and sells puppets. To create his popular Gabbo puppet, Arthur purchases a 10-puppet supply kit (one kit makes 10 puppets) for $48.20. He sells the Gabbo puppets for $58 85 and estimates the overhead expenses are 20% of the selling price what is the net profit rate per Gabbo puppet? Hint: Start by calculating the supply price for one puppet.

Explanation / Answer

Question no:12 Cost of DoZen Cup cakes =$9.50 cost of Ecah cupcake =$9.50/12 =$0.7917 Slae Price of the each cup cake =$3.50 proft on Each cupcake =$3.50-$0.7917 =$2.7083 markup persentage on Cost = Profit /Cost of each cake =$2.7083/$0.7917 =3.4208 =342.08% Mark up Persentage on Sale price =Profit / Sale price =$2.7083/$3.50 =0.7738 =77.38% Question no:13 material cost of One puppet =$48.20/10=$4.82 Over head cost of each puppet =20% on selling price =20%*$58.85 =$11.77 Net profit rate per Puppet Amount in $ Sale price 58.85 Less: Material cost 4.82 Less: Overhead cost 11.77 Net profit 42.26 0.718097 Rate of net profit = Net profit / Sales price =$42.26/$58.85 *100 =71.81%

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