Payton Sanchez runs a popcorn stand in the local amusement p

Payton Sanchez runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.40, which she sells for $1.74.

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Payton Sanchez runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.40, which she sells for $1.74.

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a) Profit per bag of a popcorn = Selling Price - Cost per bag

= $1.74 - $0.40 = $1.34

Markup percentage = Profit per bag/Cost per bag = $1.34/$0.40 = 3.35 or 335%

Therefore, Payton\'s msrkup percentage is 335%.

b) Required profit per bag = Cost per bag*565%

= $0.40*565% = $2.26

Selling price she must charge = Cost + Required profit

= $0.40+$2.26 = $2.66 per bag

c) Revised Profit per bag = Revised Sale price - Cost per bag

= $1.70 - $0.40 = $1.30

Revised markup percentage = Revised Profit per bag/Cost per bag

= $1.30/$0.40 = 3.25 or 325%