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Determine what should the selling price of each cookie be

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Problem 1: Banks baking goods shop produced 200 brownie bites a day at a cost of $0.20 each. It's expected that 15% of the brownie bites will go bad before being sold. Assuming the shop expects to make a 40% markup on it's cost , what should the selling price of each cookie be?

Reference no: EM132679949

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