Angies bake shop makes birthday chocolate chip cookies that, Ask an Expert

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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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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948671

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