Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of

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Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of the cookies will crack and be discarded. Angie wants a 60% markup on cost and produces 100 cookies. Angie prices the cookies at $3.56 each. Assume that Angie can sell cracked cookies for $1.10 each. What should Angie price each cookie?

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Financial and Managerial Accounting

ISBN: 978-1133940593

10th edition

Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson

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