# Calculate the total cost, total selling price and selling price per brownie. Item Total quantity...

## Question:

Calculate the total cost, total selling price and selling price per brownie.

Item | Total quantity bought | Unit cost | Total cost | Percent markup on cost | Total selling price | Percent that will spoil | Selling price per brownie |

Brownies | 10 | $0.87 | $_____ | 55% | $_____ | 20% | $_____ |

## Markup:

The percent markup is the gross profit that is added to the cost of the product. Some companies determine the selling price by adding a specific markup to the cost of their items. Others base the price on the supply and demand of the products.

## Answer and Explanation: 1

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View this answerThe total cost is the number of items times the unit cost:

- Total cost = Total quantity * Unit cost = 10 * 0.87 = $8.70

The total selling price is the...

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Chapter 12 / Lesson 22Learn about markup and its benefits. Understand the markup formula, and learn how to calculate markup. See how to find markup percentage with examples.