Question

9. Mai is the LaBama Seafood restaurant owner and uses the gross profit approach for pricing all of her food and beverage items. The seafood platter costs $6.50, and her target margin is 40%. Calculate the menu price of one seafood platter to the nearest whole dollar. 10. Pampered Pets knits sweaters for small dogs and sells them at the local flea market. They would like to achieve a 75% target profit margin, and each sweater costs $2 in variable costs to make. How much should Pampered Pets charge for their hand-knitted creations?

          9. Mai is the LaBama Seafood restaurant owner and uses the gross profit approach for pricing all of
her food and beverage items. The seafood platter costs $6.50, and her target margin is 40%.
Calculate the menu price of one seafood platter to the nearest whole dollar.

10. Pampered Pets knits sweaters for small dogs and sells them at the local flea market. They would
like to achieve a 75% target profit margin, and each sweater costs $2 in variable costs to make.
How much should Pampered Pets charge for their hand-knitted creations?

9. Mai is the LaBama Seafood restaurant owner and uses the gross profit approach for pricing all of
her food and beverage items. The seafood platter costs 6.50, and her target margin is 40%.
Calculate the menu price of one seafood platter to the nearest whole dollar.

10. Pampered Pets knits sweaters for small dogs and sells them at the local flea market. They would
like to achieve a 75% target profit margin, and each sweater costs $2 in variable costs to make.
How much should Pampered Pets charge for their hand-knitted creations?

Added by Tyler C.

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