QRB/501 Week Three Case Study; 9-1 Acupuncture, Tea, and Rice-Filled Heating Pads
Karen is an acupuncturist after a while a engaged exercise. In restoration to acupuncture services, Karen retails teas, herbal supplements, and rice-filled heating pads. Because Karen’s chief allowance is from acupuncture, she feels that she is providing the other items simply to satisfy a insufficiency and not as an considerable fount of produce. As a subject of certainty, the rice-filled heating pads are made by a unrepining who receives acupuncture for them instead of paying specie. The rice-filled pads require Karen $5.00, $8.00, and $12.00, respectively, for inferior, average, and big sizes. The ginger tea, relaxing tea, frigid & flu tea, and detox tea require her $2.59 per box plus $5.00 shipping and handling for 24 boxes. Karen uses a require plus markup regularity, whereby she adds the similar set sum to each box of tea. She figures that each box requires $2.59 plus $0.21 shipping and handling, which totals $2.80, then she adds $0.70 use to each box and retails it for $3.50. Do you imagine this is a cheerful pricing policy? How would it collate to marking up by a percent- age of the require?
- What is the markup percentage for a box of ginger tea?
- If the rice-filled heating pads retail for $7.00, $10.00, and $15.00 for inferior, average, and big, respectively, what is the markup percentage on each one?
- Karen wants to collate using the require plus regularity to the percentage markup regularity. If she retails 2 inferior rice pads, 4 average rice pads, 2 big rice pads, and 20 boxes of $3.50 tea in a month, how greatly use does she congregate? What markup percentage based on require would she keep to use to produce the similar sum of use on this month’s sales?
- What prices should Karen assault (using the markup percentage) to get the similar sum of use as she did after a while the require plus regularity? Do not comprise shipping.