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PROBLEM K. The owners of Taxi Company Mart have been looking for ways to improve...

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PROBLEM K. The owners of Taxi Company Mart have been looking for ways to improve sales at the store. One of the proposals is to have a weekly raffle with a total prize of P10,000 per week. For every P50 worth of goods purchased, the customer shall receive a numbered ticket for the raffle. The variable cost to print and distribute the ticket has been estimated at five pesos (P5.00). Promotions and other fixed costs in connection with the raffle, likewise, have been estimated at P15,000 per week. The current weekly operating results of Taxi Company Mart are given below. Sales P1,000,000 Variable Costs 700,000 Fixed costs for the week 120,000 11. If the company's objective in conducting the weekly raffle is to double its present profit, how much sales must be generated to attain this profit objective?PROBLEM T. A retail company determines its selling price by marking up variable costs 60%. In addition, the company uses frequent selling price markdowns to stimulate sales. 20. If the markdowns average 10%, what is the company's contribution margin ratio

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