Asked by Angela Scamardella on Jun 06, 2024
Verified
The manufacturer of Caramalt chocolate bars wants to implement a 7.5% increase in the unit retail price along with a reduction in the bar size from 100 g to 80 g. If the current retail price of a 100-g bar is $1.15, what should be the price of an 80-g bar?
Unit Retail Price
The price at which a single unit of a product is sold to consumers in the retail market.
Retail Price
The total cost at which a product or service is sold to the end consumer, inclusive of all markups.
- Implement the principle of unit price fluctuations in practical situations.
- Comprehend and utilize discounts and markups within pricing tactics.
Verified Answer
KC
Learning Objectives
- Implement the principle of unit price fluctuations in practical situations.
- Comprehend and utilize discounts and markups within pricing tactics.