In: Accounting
6. The cost of the pouring brand of scotch is $0.58 per ounce, and the cost of club soda is $0.04 per ounce. Determine the cost of a scotch and soda from each of the following standard recipes.
a. 1 ounce of scotch and 6 ounces of club soda
b. 1 1/2 ounches of scotch and 7 ounces of club soda
c. 2 ounces of scotch and 6 ounces of club soda
7. In each of the examples in Question 6, determine sales price if the desired liqour cost percent is:
a. 20 percent
b. 25 percent
c. 18 percent
Rate per ounce |
Case (a) cost |
Case (b) cost |
Case (c ) cost |
|
Cost of scotch |
$ 0.58 [given] |
$ 0.58 [1x0.58] |
$ 0.87 [1.5x0.58] |
$ 1.16 [2x0.58] |
Cost of club soda |
$ 0.04 [given] |
$ 0.24 [6x0.04] |
$ 0.28 [7x0.04] |
$ 0.24 [6x0.04] |
A |
Total cost [Answer 6] |
$ 0.82 |
$ 1.15 |
$ 1.40 |
B=A/20% |
Sales price if 20% [Answer 7] |
$ 4.10 |
$ 5.75 |
$ 7.00 |
C=A/25% |
Sales price if 25% [Answer 7] |
$ 3.28 |
$ 4.60 |
$ 5.60 |
D=A/18% |
Sales price if 18% [Answer 7] |
$ 4.56 |
$ 6.39 |
$ 7.78 |