bILK BAGS CO.

“A bag for a Friend”

A Proposed Business Plan

In Partial Fulfillment of the Requirements in
ENTREPRENEURSHIP

Submitted by:
#14 CINCO, Lauren Benedique
#20 FLORES, Athena Kyle C.
#21 FLORO, Alyanna Lois O.
#46 TUTOR, Princess Isabel A.
12 STEM B
December 6, 2018

Submitted to:
Ms. Tonie Rose G. Tagulao
 TABLE OF CONTENTS

I. Executive Summary Page 3

II. Marketing Plan Page 5
III. Operational Plan Page 7
IV. Human Resource Development Page 10
V. Financial Plan Page 11
Appendix Page 13
- Business Model Canvas
- Vision – Mission - Values
- Visual Representations of the Product/ Service
- Product/ Service Prices

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I. EXECUTIVE SUMMARY

1.0 Introduction

Bilk Bags Corporation, unlike any other bag companies, will provide a unique form of
communication on how we reach our customers. Bilk bags is the answer to love local products and
support our very own ethnical groups in the Philippines. The public wants: (1) a one stop shop that
is accessible to everybody particularly in a university belt, (2) a repair and replace service for our
valued customers, and (3) warranty of 6 months for every purchase. Bilk Bags goal is to become
a leading manufacturer of corporate giveaway bags that focuses on environmental conservation
and livelihood education in the Philippines. Through our different opportunities offered like: Cash
on Delivery, Over the Counter, and Word of Mouth/ Phone Communication, we feature different
ways on how we communicate to our customers through delivering the value of our product in as
many ways possible to ensure our customer’s satisfaction.

This business plan is prepared to obtain financing in the amount of P 2,500,000 in a 1-year
projection. The supplement financing is required to cover purchases, materials, salaries, unsold
products, delivery and rent. Additional financing has already been secured in the form of: (1)P
1,000,000 loan from the Bank of the Philippine Islands with an interest rate of 6.0% (monthly), (2)
P 300,000 of personal savings from the four owners namely: Athena, Princess, Lauren and
Alyanna, and (3) P 300,000 from three investors.

Bilk Bags will be established as a corporation, with their corporate social partnership with
the ethnic groups of the Philippines. We are an independent start-up business that is set to expand
over the years through the acquisition of a physical store. This will consist of shareholders Reese
Fernandez-Ruiz (Rags2Riches), Migs and Bunnie de Guzman (Ni-QUA Handbags), and Liza
Morales Crespo (Tali Handbags). The investors will be treated as shareholders and therefore will
not be liable for more than their individual personal investment of P 100,000 each.

Since we are re-sellers of different kinds of bags, we have two major suppliers: Heather
Home PH, an online shop in Instagram that sells products that give a comfortable home-feel that
make quality furniture, kitchenware, and bags and Freedom Park Carbon Public Market, a store
that sells bags (rattan bags and abaca backpacks) at a lower and affordable price. The financing in
addition to the capital contributions from the owners, shareholders and Bank of the Philippine
Islands, will allow Bilk Bags to successfully open and maintain operation through a 1-year
projection. The large initial capital investment will allow Bilk Bags to provide its customers with
a local entity of our product. Successful operation in year one will provide Bilk Bags Co. with a
customer base satisfaction that will allow it to be self-sufficient in the next consecutive years to
come.

1.1 Company Objectives

Bilk Bags Co. objectives for the 1-year projection of operations include:
The different local equity of the products being offered.

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 The way on how our bag is different from any other bags, which shows a vibrant and
stylish side of eco-friendly bags.

We have a belief that every place has a story to tell, and every culture has something
to offer and Bilk Bags Co. is motivated to pursue a journey of dedication and
innovation in making sustainable fashion trends that are appealing to the mases.
We help improve the lives of the ethnical groups of the Philippines, wherein the
proceeds of our sales goes out to them.

1.2 Mission

Our mission is simple - we love to promote the Philippine culture in partnership with the
ethnical groups of the Philippines that showcases the stylish side of eco-friendly bags, and
providing you with the best value possible. We also help improve the lives of the Philippine
ethnical groups through business and it is embedded in everything that we do. We are passionate
about what we do and are committed to making bags beautiful. To do this, we strive for the best
quality materials and the best clarity of color and constantly pushing to ensure that all our work
impacts the environment. We are also a vibrant and minimalistic company and one which has all
the necessary experiences to make your bags beautiful.

1.3 Keys to Success

The keys to success for Bilk Bags Co. are:
Bags that are eco-friendly yet stylish and trendy that will be showcased to the public
by the Bilk Bags Co.
An online shop that is accessible for advertising and customer interaction.
Sustainable products that are suitable for saving the earth.
Personalized bags that will appeal to the liking of our customers.
Fast and efficient service (in terms of shipping) to our buyers.

1.4 Risks
The risks involved with starting Bilk Bags Co. are:
Will there be any replicas or knock off bags of our product?
Will the bags still be popular or trendy in the upcoming years?
Will our request for Mayor’s permit, Business license and registration form be
approved?
Will individuals be willing to pay for the products offered by the corporation?
Will the products that will be ordered from the suppliers be sufficient?

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II. MARKETING PLAN

2.0 Service and Product Description

Bilk Bags co. will provide its buyers with eco-friendly and sustainable array of bags. The bags
offered to Bilk Bags Co. customers are listed below:
Rattan Bags
Net-eco Bags
Abaca Backpacks
Bilk Bags Co. will also provide its customers with bags that are not just eco-friendly but bags
that are a trend in the market that will look aesthetically pleasing. It will offer a selection of
different attributes that is customizable with a design of their choice. Their attributes/ exciters are
offered in different arrays like: hand painted bags, patches and different choices of color. Bilk
bags does not only satisfy the needs of their customers but through their purchases, the corporation
will also lend a hand towards the ethnical groups of the Philippines through the proceeds of their
sales. The corporation offers a stylish way of reducing plastic waste to save the earth and to
promote awareness towards the people.

2.1 Industry and Competitive Analysis

The main competitors of Bilk Bags Co. are the high end local stores such as the: Island
Girl boutique and Kultura. These businesses are located in Mandaue City and SM City Cebu which
also targets a similar customer segment to Bilk Bags Co. (i.e. teenagers, adults, and workers).

Competitions from online stores that are locally owned businesses like Tyf & Co. and Cara
Cebu are also a competitive threat to Bilk Bags Co. Due to the nature of locally handmade bags,
there are no geographical boundaries restricting competition.

Taking these into consideration, Bilk Bags Co. is faced with the exciting opportunity of
being a corporation that offers the proceeds of their sales to the ethnical groups of the Philippines
with their tagline “A bag for a friend.” Although there is a high amount of competition with the
said stores that were mentioned, this challenges the Bilk Bags Co. to grow as a business that will
offer a wider array of eco-friendly bags while keeping up with the fashion industry. With the
consistent popularity of locally made bags, combined with the growing interest of socio-cultural
awareness and eco-friendly bags, is a winning interest that will produce profitable results in the
corporation.

2.2 Market Segment and Strategy

Bilk Bags Co. customers can be divided into two groups. The first group is familiar with
the latest fashion trends in the fashion industry and desires to keep up with the passion of
promoting socio-cultural awareness and using eco-friendly products to save the world. The second
is not merely familiar with the latest trends in the society but lavishes on to try and keep up with
society’s demands and is just waiting for the right opportunity to showcase being young at heart.

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Bilk Bags target market falls anywhere between 12 to 70 year olds. This extremely wide range of
ages is due to the fact that these type of bags appeal to a variety of people especially with its
versatile look. The majority of these individuals are students, workers, and senior citizens.

Bilk Bags Co. has three main strategies. The first strategy focuses on attracting people who
loves to use locally made products. By providing a novice friendly environment in the
corporation’s goal to focus on environmental conservation, Bilk Bags Co. hopes to educate a loyal
customer base as to how these products came to be. The second and most important strategy
focuses on pulling in online customers. Online customers are extremely active in the Internet world
and with their love to buy and shop online, this group of customers serves as an important function
at Bilk Bags Co. Online Customers have the knowledge and time to vlog/blog about products that
they find exciting and attractive. Bloggers are mostly active in the Online Community especially
when it comes to promoting products that they adore.

The third strategy focuses on building a strong relationship with the ethnical groups of the
Philippines as well as informing Bilk Bags customers as to how they can be a helping hand towards
the ethnic groups when purchasing our products. This type of strategy will serve to attract
customers that wouldn’t normally think about just purchasing a bag. Once buying a product at Bilk
Bags Co. it’s not only about purchasing a bag but it’s all about the purpose to purchase a bag for
a friend in need.

2.3 Distribution Patterns

The Bilk Bags Co. will establish itself as a bag boutique located along a university belt. It
will be specifically located at Mango Square Avenue. The company has chosen this site to be their
flagship store for the following reasons:
Proximity to the universities of the province
Proximity to well-known businesses
It is accessible to customers
Parking Availability
High Visibility
One stop shop
All of these qualities will help the company in achieving their goal and is consistent to
provide corporate giveaway bags that focuses on environmental conservation and livelihood
education in the Philippines.

Bilk Bags Co. will use social media as its main source of promotion. Advertisements on
different social media outlets will help the company gain customer awareness. It will also
showcase a warranty contract for each product sold which will be good for six months and will
include a repair and replace service in order to satisfy the needs of their customers.

2.4 Future Expansion/Innovation

As Bilk Bags Co. grows, there will be more bag boutique branches around the province. It
will continue to keep up with Fashion trends while still making it as an eco-friendly bag for the

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environment. It will still be in partnership with the local ethnical groups in the Philippines to
promote our culture and help these groups with their livelihood. Despite the possibility of having
more competitors, Bilk Bags will continue to keep up and add more design choices to keep its
customer base coming back for more.

III. OPERATIONAL PLAN

3.0 Management Summary

Bilk bags Co. is a privately held Corporation that sells Philippine local products in a social
partnership with the ethnical groups of the Philippines. Lauren Cinco, Athena Flores, Alyanna
Floro and Princess Tutor, the founders of Bilk Bags Co., are the majority owners. Reese
Fernandez- Ruiz (Rags2Riches), Migs and Bunnie de Guzman (Ni-QUA handbags), and Liza
Morales Crespo (Tali handbags) all hold minority stock positions, as business shareholders or
investors.

The roles of ach founders are briefly mentioned as to how the business will be managed
for their day to day operations. Lauren Cinco is the human resources director, Athena Flores is the
marketing director, Alyanna Floro is the operations manager and Princess Tutor is the financing
director. Provided with their different key roles in the business, Bilk Bags Co. also features their
suppliers who are the following: Heather Home Ph, an online shop and Freedom Park Carbon
Public Market. Heather Home Ph will supply the corporation with Net Eco bags and Freedom Park
Carbon Public Market will provide Abaca backpacks and Rattan bags for the corporation to
operate. A contract for these suppliers will be negotiated to fulfill the requirements needed.

3.1 Operations Summary

Bilk Bags Corporation’s start-up costs will cover commercial space rent located in Mango
Square Avenue, the store’s renovation (for interior design), delivery (JRS Express), insurance (Sun
Life Insurance), bookkeeping, and the communications equipment necessary to promote their
products online and to also acquire customers in the online community. Additional purchases to
be made include the materials needed for the customer’s customized bags with the following
attributes or exciters offered: patches, paint and embroidery. Purchases will also include furniture’s
such as: tables, cabinets for the display of products, chairs for the staff, and a plush sofa for
customer’s satisfaction while waiting in the boutique store. The site at Mango Square along general
Maxilom Avenue, Cebu City will also require renovation in preparation for the opening of the
business, as well as for the soft opening period.

Our daily operations will be characterized by the following:

We will be staffed with employees who knows well about the products being sold, where
it came from and how it was made and handcrafted, with their basic knowledge on how
the corporation’s products are in partnership with the ethnical groups of the Philippines.
They will also be able to meet the customers’ standards when they prefer to customize
their bags with the different attributes offered. They are solely focused in helping their

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 customers when they are in need or whenever they need assistance when purchasing a bag
of their choice.
Our full-time repair staff is also available for customers in need of help whenever
something happens to their bag. Bilk bags commitment to friendly, helpful store is one of
the key factors that distinguishes Bilk Bags from other bag boutiques because our
corporation will always require a repair and replace policy.
We also commit to providing the latest fashion trends with the bags being offered with an
easy and quick delivery whenever customers purchase online.

Flow of daily operations

The employees should be at the store at exactly 9:30 am to prepare for the opening. Bags
should be displayed already.
Opening will be at 10 am.
Every customer whether they would think to buy or not should be entertained and be
greeted well with a friendly smile.
The employees should only have 1 hour of break during lunch and dinner which means
that the first employee will have his/ her lunch break at 12-1 pm and dinner break at 7-8
pm while the second employee is at 1-2 pm for lunch break and 8-9 pm for dinner break.
Never leave without someone behind the store.
Going to the Rest room should only be for 2-3 minutes.
At exactly 9:45 pm, the employees should slowly keep the products inside the cabinets in
order to avoid any stolen products.
Closing time is at 10pm.

3.2 SWOT
This SWOT analysis provides us with an opportunity to examine the strengths and weaknesses
Bilk Bags Co. must address. It allows us to examine the opportunities presented to Bilk Bags Co.
as well as the potential threats.

3.2.0 Strengths
Innovative – Staff that are knowledgeable and friendly, who are also passionate in
customizing a design with the different attributes being offered in Bilk Bags Co. for their
customers. We’ve gone to great lengths at Bilk Bags Co. to find people with a passion for
eco-friendly products and promoting socio-cultural awareness. Our staff are undeniably
knowledgeable and eager to please with their love of local products.
Online Shop - Our corporation does not only have a physical store but it also has an online
shop which is accessible for advertisement and customer interaction.
Unique - State of the art products that are unique in their own way. Bilk Bags Co. goes
beyond what a bag looks like because the corporation incorporates the needs of the
customers on what they would to do with their bags.
Social Partnership - The corporation’s partnership with the ethnical groups of the
Philippines wherein a percentage from the proceeds of their sales will go out to them in
order to provide livelihood education for them.

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 Fast and Efficient - Our corporation offers a fast and efficient service (in terms of shipping)
to our buyers
Convenience- The physical store is convenient to our customers since it is located within
the perimeters of Cebu City particularly in Mango Square Avenue since this is located in
the University Belt wherein a lot of students’ flock into the store to buy a bag of their
choice.
Up-scale ambience - When you walk into Bilk Bags Co.’s store, you’ll feel the love of
local products that promotes socio-cultural awareness and environmental conservation.
Plush sofas, a vintage table and a pastel themed store will represent a cozy feeling towards
the customers who’ll visit the store.
Affordable - The bags offered in Bilk Bags Co. are affordable and are set at a lower price
unlike any other brands who are much more expensive than Bilk Bags

3.2.1 Weaknesses
Products - Competitors can offer similar products quickly.
Startup - Limited startup costs.
Delivery - Delivery cost.
Pricing - Limited flexibility in pricing.
Trends - The need to keep up with the fashion trend.

3.0.1 Opportunities
Expansion - opportunity for our corporation would be to expand from bags into other
markets, such as purses or wallets that also are eco-friendly products. This would help us
to expand into a different segment and further the reach of the company. products being
offered during their daily commute to school or work. Wallets could target a mix market
segment wherein it can be used as small flat case designed to hold cash, credit card and
identification documents.
Online Expansion - Continued expansion for online sales in order to satisfy the needs of
our online customers.
Branching out - Ability to develop additional stores for the upcoming years to come.
Capital- Acquisition of additional rounds of capital.
Products- Development of proprietary products.
Wholesale- Development of wholesale distribution relationships

3.2.3 Threats
Regulations- Changes in regulations can impact the business.
Local Competitors- Products are already sold by emerging local competitors. Currently,
Bilk Bags Co. is enjoying an advantage of promoting their products as a way of helping a
friend in need, specifically a foundation for the ethnical groups of the Philippines.
However, additional competitors are on the horizon, and we need to be prepared for their
entry in the market.
Cost of Insurance- Insurance costs are continually increasing.
Pricing- Increases in price inputs can cause upward pricing.
Availability- A sudden reduce of availability of materials.

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 With these challenges in mind, Bilk Bags Co. will endeavor to closely monitor pricing, as
well as to ensure that most of our products offered will be designed to build customer satisfaction.
It is our hope that our corporate bags and up-scale ambiance won’t be easily duplicated by other
competitors.

IV. HUMAN RESOURCE DEVELOPMENT

4.0 Organizational Structure

The corporation, being an independent start-up business requires a simple organization

structure. Implementation of this organizational form is for the four owners namely: Lauren Cinco,
Athena Flores, Alyanna Floro and Princess Tutor, to make all of the major management decisions
as well as keeping track of all other activities that happen within the corporation. The three private
investors, Reese Fernandez- Ruiz (Rags2Riches), Migs and Bunnie de Guzman (Ni-QUA
handbags), and Liza Morales Crespo (Tali handbags), will not be included in management
decisions.

The staff will consist of about three full-time employees that will work forty hours a week
in the boutique that is located at Mango Square Avenue. In addition, one full-time employee will
be employed to also work forty hours a week when dealing with online transactions alongside with
the owners. This simple structure provides the corporation with more desirable choices that all
four owners are able to decide on before passing it out to the rest of the company. Due to these
characteristics, there are fewer problems that will go unnoticed. If there are any changes in the
market or with the product itself, this strategy will enable Bilk Bags Co. to react quickly.

To operate, the roles of each founders will be briefly mentioned as to how the business will
operate for their day to day operations. Lauren Cinco is the human resources director who will
develop organization strategies, implement human resources strategies, manages human resources
operations and develops human resource operation financial strategies with the administration.
Athena Flores is the business marketing director who will showcase the corporation in a positive
light, showing why customers should purchase Bilk Bags products and drawing in targeted
customer segments to consider the products offered. Alyanna Floro is the operations manager who
will be the leading role in managing both the materials needed and personnel, oversight of
inventory, purchasing and supplies is central to her job. Princess Tutor is the financial director who
will combine operational and strategic roles, manage accounting and financial control functions,
and establish a financial strategy for the profitable long-term growth of the business

Alyanna Floro
CEO

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 Lauren Cinco Princess Tutor
HR Director Athena Flores Finance Director
Marketing Director

CEO

4.1 Personnel Management

Each founder of Bilk Bags Co. will receive a salary of ₱46,200.000 in the first quarter,
₱46,200.00 in the second quarter, and ₱46,200.00 in the third quarter and ₱46,200.00 in the fourth
quarter. Bilk Bags Co. intends to hire three full-time employees at ₱400.00 and per day and
₱400.00 for the employee who handles the online transactions. The total cost of employing the
four people at these rates for the 1-year projection is ₱8,800.00 every month.

4.2 Personnel Development

As an establishment, Bilk Bags Co. employs people to resell their products being offered
both online and in-stores, leaving the sales transaction to the founders. There is no certain
requirement for one to work in-stores, but social media literacy is required for those who wish to
apply for online transactions.

V. FINANCIAL PLAN

5.0 Financial Summary

This business plan is prepared to obtain financing in the amount of P 2,500,000 in a 1-year
projection. The supplement financing is required to cover purchases, materials, salaries, unsold
products, delivery and rent during the startup year. Additional financing will be secured in the
form of: (1) P 1,000,000 loan from the Bank of the Philippine Islands with an interest rate of 6.00%
(monthly), (2) P 300,000 of personal savings from the four owners namely: Athena, Princess,
Lauren and Alyanna, and (3) P 300,000 from three investors.

5.1 Projected Start-up Expenses

(Acquisition and opening phase for the 1st quarter)

UNIT EXPENSES ESTIMATED COSTS

Legal P 16,799
Materials 350,000
Supplies 450,000

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 Employee’s Salary (for the first 3 months) 26,400
Insurance 180,000
Rent 60,000
Delivery (JRS Express) 100,000
Technology 250,000
Repair and Replace 150,000
Utilities (power, network, water, heating) 150,000
Bookkeeping for 3 months/ process of
registration with SSS, PHIC and Pag-ibig 18,000
Renovation (Interior Design)
Employer’s Salary 70,000
Marketing 46,200
500,000
Total Projected Start-up Expenses ₱ 2,367,399

5.2 Projected Sales Forecast (3 Quarters)

UNIT SALES 2nd Quarter 3rd Quarter 4th Quarter

Net Eco Bags (based ₱1,353,000.00 ₱1,353,000.00 ₱1,569,480.00
on average)
Rattan Bags (based 577,500.00 1,155,000.00 1,362,900.00
on average)
Abaca Backpacks 981,750.00 1,963,500.00 2,316,930.00
(based on average)
Total Unit Sales ₱ 2, 912, 250.00 ₱ 4, 471, 500.00 ₱ 5, 249, 310.00

5.3 Pro Forma Profit and Loss

ENTRIES 2nd Quarter 3rd Quarter 4th Quarter

Sales ₱ 2, 912, 250.00 ₱ 4, 471, 500.00 ₱ 5, 249, 310.00
Direct cost of sales (1,320,000.00) (2,046,000.00) (2,402,400.00)
Operations Expenses
Payroll (Employees) (26,400.00) (26,400.00) (26,400.00)
Payroll (Employers) (46,200.00) (46,200.00) (46,200.00)
Utilities (150,000.00) (150,000.00) (150,000.00)
Rent (100,000.00) (100,000.00) (100,000.00)
Insurance (180,000.00) (180,000.00) (180,000.00)
Marketing (500,000.00) (500,000.00) (500,000.00)
Delivery (JRS Express) (100,000.00) (100,000.00) (100,000.00)

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Taxes/ Interest
Loan interest expense (60,000.00) (60,000.00) (60,000.00)
VAT (349,470.00) (536,580.00) (629,917.20)
Net Profit/ Loss ₱80,120 ₱726,320 ₱1, 054,392.8

APPENDIX

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 Business Model Canvas

Key Partners Key Activities Customer

Value Relationships Customer
Propositions Segments
Cebuana Lhuiller Purchasing and
JRS Express Stocking Students
Veco Direct and Accessibility Mix Friends
BIR Online Selling (per., online., acq.) Family
Mayor’s Office One stop shop Senior
DTI Citizens
Ayala Malls Repair and Children
SM Seaside Key Resources Replace Workers
Robinsons Channels Walk-in
Heather Home Ph Furniture Warranty for 6 Customers
Freedom Park Delivery Man months Cash on Delivery
Carbon Public Kiosk Space Over the counter
Market Electronic Word of Mouth/
Device Phone
Store Communication

Cost Structure Revenue Streams

Purchases Unsold Products
Materials Delivery Direct Cash Sales
Supplies Rent
Salaries

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VISION-MISSION-VALUES

VISION

We envision on becoming a leading manufacturer of corporate giveaway bags that

focuses on environmental conservation and livelihood education in the Philippines.

MISSION
Our mission is simple- we love to promote the Philippine culture in partnership
with the ethnical groups of the Philippines that showcases the stylish side of eco-
friendly bags, and providing you with the best value possible. We also help improve
the lives of the Philippine ethnical groups through business and it is embedded in
everything that we do. We are passionate about what we do and are committed to
making bags beautiful. To do this, we strive for the best quality materials and the best
clarity of color and constantly pushing to ensure that all our work impacts the
environment. We are also a vibrant and minimalistic company and one which has all
the necessary experiences to make your bags beautiful.

CORE VALUES

• We take OWNERSHIP in everything that we do.

• We are COMMITED to innovation and continuous improvement. Grasping to be
better every single day.
• We CARE for the earth.
• We are KIND to the planet.
• We promote SOCIAL IMPACT to the people in support for the environment.
• We are committed to a SUSTAINABLE growth.
• We are the ARTISANS of our own fortune.
• We assure that our PASSION will help us achieve our success.

Our products are made and handcrafted by human hands and with natural materials.
We believe that the slight attributes and variations in our pieces are what makes them
unique and extraordinary.

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Visual Representations of the Product

a.) Net Eco Bag

(can be used as an alternative for grocery shopping- to lessen the use of plastic
bags and net eco bags can also be used for a beach day activity)

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b.) Abaca Backpack

 Abaca Backpack with patches (exciters)

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c.) Rattan Bag

 Rattan Bag (hand painted)

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Product Prices
A. Determine Costs:
Costs of Materials, Labor, Overhead
1.) Net Eco Bags (per piece for 10 pieces)
Cost of Materials P 120.00
+Cost of Labor 40.00
+Cost of Overhead 20.00
= Total Cost P 180.00
+ Desired Profit 230.00
(58.57% on sales)

= selling price/ per bag P 410.00

2.) Abaca Backpack (per piece for 10 pieces)

Cost of Materials P 100.00
+Cost of Labor 40.00
+Cost of Overhead 5.00

= Total Cost P 145.00

+ Desired Profit 205.00
(53.1% on sales)
= selling price/per bag P 350.00
3.) Rattan Bag (per pieces for 10 pieces)
Cost of Materials P 250.00
+Cost of Labor 40.00
+Cost of Overhead 5.00
= Total Cost P 295.00
+ Desired Profit 300.00
(56.1% on sales)
=selling price/ per bag P 595.00

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