Math in the Workplace - Numbers & Operations
ALBERTSONS INC.
Retail Food Sales
Food Broker
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Job Description: Brings the seller and the buyer of food together. |
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Problem:
What is the retail price at Albertson's grocery store of a package of Gallo Pepperoni?
The case cost of the pepperoni is $24 per 12 (8 oz.) packages.
The warehouse markup will be 7%.
The store markup will be 38%.
ALBERTSONS INC.
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Solution:
| Package cost = |
$24.00
12 packages |
= $2.00/package |
| Warehouse markup = |
$2.00 x .07 = $.14 |
| Albertsons markup = |
$2.14 (door cost) x .38 = $.81 |
Albertsons retail price =
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$2.00 + .14 + .81 = $2.95/package
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