SOLUTION: Arley’s Bakery makes fat-free cookies that cost $1.60 each. Arley expects 30% of the cookies to fall apart and be discarded. Arley wants a 50% markup on cost and produces 220 coo

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Arley’s Bakery makes fat-free cookies that cost $1.60 each. Arley expects 30% of the cookies to fall apart and be discarded. Arley wants a 50% markup on cost and produces 220 coo      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1148813: Arley’s Bakery makes fat-free cookies that cost $1.60 each. Arley expects 30% of the cookies to fall apart and be discarded. Arley wants a 50% markup on cost and produces 220 cookies. What should Arley price each cookie? (Round your answer to the nearest cent.)
Price per cookie

Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
rley’s Bakery makes fat-free cookies that cost $1.60 each.
Arley expects 30% of the cookies to fall apart and be discarded.
Arley wants a 50% markup on cost and produces 220 cookies.
What should Arley price each cookie?
(Round your answer to the nearest cent.)
Price per cookie
:
Find the total cost for the 220 cookies
220 * 1.6 = $352
Find how many cookies are saleable. (30% thrown away)
.7*220 = 154 cookies
Find the cost per saleable cookie
352/154 = $2.2857
Find the cost for a 50% markup
1.5*2.2857 = $3.43 per cookie