Question

A local Dunkin Donuts makes blueberry muffins that cost $.69 each. Past experience shows that 15% of the muffins will spoil and have to be discarded. Assuming this donut shop wants a 30% markup based on cost and produces 200 muffins, each muffin should sell for:

Answer 1

markup% = 100 * (salesprice - cost)/cost

Ex. 100 * (3500 - 700) / 700 = 100 * 2800/700 = 100 * 4 = 400%