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What is the regular selling price for a cup of coffee

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Question - 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 -

a. What is the regular selling price for a cup of coffee?

b. What is the profit per cup?

c. What is the markup on cost percentage?

Reference no: EM133177984

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