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What should the selling price of each cookie be

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Question - In downtown Los Angeles, A bakery produces 200 cookies a day at a cost of $0.20 each. It's expected that 15% of the cookies will spoil before being sold. Assuming the bakery expects to make 40% markup on its cost, what should the selling price of each cookie be? Be sure to show all work and calculations.

Reference no: EM132932896

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