Buy custom Kristen'S Cookies Company
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
7 / 1803 |
Essay's paper body
Our discount is based on how much of our valuable time identified in part (c) that we have used in the process of baking the cookies.
Both my roommate and I have decided to value our own time at $10/hr.
My Time Roommate’s Time Total Time
One-dozen cookies 8 4 12
Two-dozen cookies 10 7 17
Three-dozen cookies 12 10 22
Therefore, we decided that we will offer the discount based on the amount of time it saves us...
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We will be using this formula to offer the discount rate tn
Discount Rate = n*p + tn
n*p + n*t
Where n = number of boxes
p = cost price of 1 box of cookies
tn = time-value of money used to make n boxes of cookies
t = time-value of money used to make 1 boxes of cookies
Therefore, our final discounted rate would be
Percentage Reduction
(%) Old Price (per box) New Price (per box)
One-dozen cookies 0 $2...
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