Final answer:
The margin percentage for the candy bar with a retail price of $0.99 and a COGS of $0.74 is approximately 25.25%.
Step-by-step explanation:
To calculate the margin percentage for the candy bar, we will use the formula: Margin Percentage = ((Retail Price – COGS) / Retail Price) * 100. In this case, the retail price is $0.99 and the COGS (Cost of Goods Sold) is $0.74. Following the formula, the calculation would look like this: ((0.99 – 0.74) / 0.99) * 100.
First, subtract the COGS from the retail price, which gives us 0.99 – 0.74 = $0.25. Then, divide that number by the retail price, which is $0.25 / $0.99 ≈ 0.2525. Last, multiply the result by 100 to get the percentage. So, 0.2525 * 100 ≈ 25.25%.
Therefore, the margin percentage for the candy bar is approximately 25.25%.