How much profit would joy make she sells 60 cakes per month

Assignment Help Marketing Management

Reference no: EM133632442

Problem

Based on Pricing Products and Services from Marketing, answer solve these problems and MOST IMPORTANTLY, SHOW YOUR WORK!!!!

Problem I: Shaun is an artist who sells his paintings for $200 each. The cost of the materials (brushes, canvas, paint, etc.) that go into each painting is $20. Shaun has a monthly rent for his art studio of $750.

Question: If Shaun sells 10 paintings in a given month, what is his profit?

Problem II: Joy owns a cake shop. She sells her cakes for $40 each. The cost of ingredients for each cake is $5. Packaging to hold and display each cake costs $15 for a package of 30 containers. Joy pays $1000 a month in rent for her shop.

Question: How much profit would Joy make if she sells 60 cakes per month?

Problem III: Heather is opening up a franchise selling ice cream. She is trying to determine how much to charge for each ice cream cone. Based on benchmarking data from her competition and franchise information, she anticipates that she will sell 500 ice cream cones a week. Her monthly costs include rent at $600, employee salaries of $3,500 a month, and additional overhead of $350 a month. Finally, it costs $.60 to make each ice cream.

Question: Based on this information, what price does Heather need to set for an ice cream cone in order to break-even?

Reference no: EM133632442

Questions Cloud

How to write one full one-hour skill lesson plan : How to write one full one-hour skill lesson plan based on Activity 2: Creating Questions for Text. CEFR level: B2 , Skills lesson structure you need

What metrics were used to determine the success of campaign : How did the target customer influence the campaign and the goals? Was it successful? What metrics were used to determine the success of the campaign?

Check on the patient response and symptoms : You have started sertraline (Zoloft) at a low dose of 50mg daily on an adult patient. You call in 4 weeks to check on the patient response and symptoms.

Design a professional medieval newspaper covering events : Design a professional medieval newspaper covering events from the Middle Ages that your group would be proud to publish. Imagine that you are a journalist

How much profit would joy make she sells 60 cakes per month : If Shaun sells 10 paintings in a given month, what is his profit? How much profit would Joy make if she sells 60 cakes per month?

Acute medical care for cardiac related issues : Dr. Cole likes to follow her patients that need acute medical care for cardiac related issues in the hospital setting.

What is the constitutional architecture of united kingdom : What is the constitutional architecture of the United Kingdom political system?

About the unique nature of occupations : How would you communicate to colleagues to educate them about the unique nature of occupations

How is that campaign expected to improve ticket sales : What box office sales should the company predict? How is that campaign expected to improve ticket sales?

User Account

All Pages