The manufacturer of Pigeon Chocolates, located in Iceland, makes a specialized p
ID: 1210961 • Letter: T
Question
The manufacturer of Pigeon Chocolates, located in Iceland, makes a specialized product called “milky white chocolate.” Rather than using milk to make milk chocolate, Pigeon uses the dried white droppings of pigeons. The company is known as an environmentally friendly organization because it has found a way to recycle pigeon poop and thus help to rid large cities around the world of this substance. Pigeon sells each chocolate for $.55 to its distributors. The distributors then package the chocolates into gift boxes and sell them to retailers. For example, a popular quantity is one dozen and the retailers pay $8.95 for a box of one dozen. The retailer then sells the box of a dozen Pigeon chocolates to consumer for $14.50. This distributor’s markup as a percentage of cost is __________. A. There is not enough information to answer this dumb question. B. 119.70 % C. 35.61% D. 62.01% The manufacturer of Pigeon Chocolates, located in Iceland, makes a specialized product called “milky white chocolate.” Rather than using milk to make milk chocolate, Pigeon uses the dried white droppings of pigeons. The company is known as an environmentally friendly organization because it has found a way to recycle pigeon poop and thus help to rid large cities around the world of this substance. Pigeon sells each chocolate for $.55 to its distributors. The distributors then package the chocolates into gift boxes and sell them to retailers. For example, a popular quantity is one dozen and the retailers pay $8.95 for a box of one dozen. The retailer then sells the box of a dozen Pigeon chocolates to consumer for $14.50. This distributor’s markup as a percentage of cost is __________. A. There is not enough information to answer this dumb question. B. 119.70 % C. 35.61% D. 62.01% The manufacturer of Pigeon Chocolates, located in Iceland, makes a specialized product called “milky white chocolate.” Rather than using milk to make milk chocolate, Pigeon uses the dried white droppings of pigeons. The company is known as an environmentally friendly organization because it has found a way to recycle pigeon poop and thus help to rid large cities around the world of this substance. Pigeon sells each chocolate for $.55 to its distributors. The distributors then package the chocolates into gift boxes and sell them to retailers. For example, a popular quantity is one dozen and the retailers pay $8.95 for a box of one dozen. The retailer then sells the box of a dozen Pigeon chocolates to consumer for $14.50. This distributor’s markup as a percentage of cost is __________. A. There is not enough information to answer this dumb question. B. 119.70 % C. 35.61% D. 62.01% A. There is not enough information to answer this dumb question. B. 119.70 % C. 35.61% D. 62.01%Explanation / Answer
per choclate cost for distributor=0.55
per choclate revenue for distributor=8.95/12=0.7458
markup as % of cost =(0.7458-0.55)/0.55=35.61%
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.