Step 11 Perishable goods are only salable for a certain amount of time before they spoil, so there will always be some amount of product lost due to spoilage. For sellers of perishable goods to achieve their intended markups, the selling price must be based on the quantity of products, sold at the original price. The quantity sold is calculated as total items less spoilage. Before finding the total expected selling price per bag of onions, we must first calculate the total cost (in $) of purchasing 800 bags of onions at $2.56 per bag. This is found as follows. total cost quantity x price per unit = 800 x $2.56 -$2048 2,048 Step 2 The total expected selling price will be found as follows where %Msp is the percent markup based on the selling price. total expected selling price total cost 100%-%Msp %. Converting this We determined the total cost of purchasing 800 bags of onions at $2.56 per bag is $2,048. The desired markup is 44% based on the selling price, so we have %Msp 44%. The denominator becomes 100%-%Msp 100 % -44% = -0.32 percentage to a decimal value gives Substitute this decimal value and the total cost of $2,048 to find the total expected selling price (in $), rounding the result to the nearest cent. total expected selling price = total cost 100%-%M SP $2,048 Enter a number.