Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Applying the gross margin percentage to your product sales price, infer the cost of the product. The sell price of Doritos is $3.98 retail so

Applying the gross margin percentage to your product sales price, infer the cost of the product. The sell price of Doritos is $3.98 retail so adding fifty percent markup on the price at retail, the sell price to the distributor/merchandiser is $5.97 (Amazon, 2016). PepsiCos gross margin as of September 5, 2015 is 55.57% taken from gross profit of 35.80B/revenue of 64.42B (Finance.yahoo.com., 2015). Therefore, the cost of Doritos is?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Equity Audits To Create Equitable And Excellent Schools

Authors: Linda E. Skrla, Kathryn B. McKenzie, James Joseph Scheurich

1st Edition

1412939321, 978-1412939324

More Books

Students also viewed these Accounting questions

Question

8. Explain the contact hypothesis.

Answered: 1 week ago

Question

2. Define the grand narrative.

Answered: 1 week ago