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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?
Question - An item selling for $80 has been marked up by 60% on cost. What is the cost price
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