Question
Profit - You would like to make a 20% profit from each item made. Calculate the price that you need to charge for each item
Profit - You would like to make a 20% profit from each item made. Calculate the price that you need to charge for each item in order to make this profit. Remember to include both the cost to produce the item and the cost of all the shipping materials (note the cost for the postage will be covered by the customer, so you do not need to figure this cost in here). Cost of 50 Candles = $13.77 X 50= $688.50 Cost of 200 Candles= $13.77 X 200= $2,754.00 Cost of 3,000 Candles= $13.77X 3,000= $41,310.00 Shipping Costs 50 Candles=$184.75 200 Candles= $3,746.24 3,000 Candles= $846,251.13
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