Asked by Constance Pettway on Apr 24, 2024
A florist buys potted poinsettias from a nursery at $15 each less 40% and 10%. The florist prices her stock to allow for overhead of 55% of cost and an operating profit of 20% of the selling price. At what price should she sell the poinsettias?
Potted Poinsettias
A common household plant, particularly popular during the holiday season, characterized by its red and green foliage.
Operating Profit
A company's profit from its regular business operations, excluding expenses from interest, taxes, and other non-operational activities.
- Measure the markup based on the relationship between cost and selling price.
- Measure the influence of continual operational expenses on how prices are set and profit is realized.
Learning Objectives
- Measure the markup based on the relationship between cost and selling price.
- Measure the influence of continual operational expenses on how prices are set and profit is realized.