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What is the regular selling price

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Reference no: EM133036914

Problem: The marketing manager for Tim Hortons is attempting to price a cup of coffee. She knows that the cost of the coffee is $0.14 per cup, and expenses are 30% of the regular selling price. She would like the coffee to achieve an 88.24% markup on selling price.

Required:

Question 1: What is the regular selling price for a cup of coffee?

Question 2: What is the profit per cup?

Question 3: What is the markup on cost percentage?

Reference no: EM133036914

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