Question 24
Niveen makes muffins and sells them for $0.65 each. To make 12 muffins, she must spend $5.25 on muffin mix, $0.75 on vegetable oil, and $0.87 on eggs. The smallest batch of muffins Niveen can make is 12 muffins.
Which of the following situations would result in Niveen earning a profit?
Answers
Given : Niveen makes muffins and sells them for $0.65 each.
To make 12 muffins, she must spend $5.25 on muffin mix, $0.75 on vegetable oil, and $0.87 on eggs.
The smallest batch of muffins Niveen can make is 12 muffins.
To Find : Which of the following situations would result in Niveen earning a profit?
Solution:
Cost per 12 = 5.25 + 0.75 + 0.87 = 6.87 $
Cost of 36 = 3 * 6.87 = 20.61 $
Selling 30 at $0.65 = 19.5 $ not profitable
Selling 36 at $0.65 with 10 % discount =36 * 0.65 * 0.9 = 21.06 $
profitable
Selling 36 at $0.65 with 10 % discount
Cost per 12 when half eggs used = 5.25 + 0.75 + 0.87/2 = 6.435 $
Cost of 48 = 4 * 6.435 = 25.74 $
Selling 39 at $0.65 = 25.35 $ not profitable
Cost per 12 when butter used = 5.25 + 1.85 + 0.87 = 7.97 $
Cost of 48 = 4 * 7.97 = 31.88 $
Selling 48 at $0.65 = 31.2 $ not profitable
Selling 36 with 10 % discount on original price is profitable
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