You are the marketing manager for a cupcake company that sells cupcakes in Vaughan. For the month of November, you sold 5000 cupcakes at the following prices 1000 Chocolate cupcakes at $3.50

2500 Vanilla cupcakes at $4.00

1500 Red Velvet cupcakes at $4.50

Each cupcake costs you something to make. Each chocolate cupcake costs you $0.50 to make. Each vanilla cupcake costs you $0.75 to make. Each red velvet cupcake costs you $1.00 to make.

Bills for the month of November include hydro for $125; water for $40; Telephone for $80, Advertising for $100; rent for $1200 and other small expenses that amounted to $235.

1.What is your total revenue for November? Show all calculations.

FORMULA

SHOW YOUR WORK

ANSWER

2.What are your total expenses for November? Show all calculations.

3. What is your Profit Net Income for November? Show all calculations.

4. What is your markup percent for:

a. Chocolate Cupcake

b. Vanilla Cupcake

c. Red Velvet Cupcake

5. You want a 500 percent markup profit on your red velvet cupcakes, what should you sell each cupcake at?

6. How can you increase your profit for next month? Give three suggestions.