Question

A bakery bakes 200 cupcakes at a cost of $0.40 each. The bakery's markup is 100% of cost. Approximately 30% of the cakes will sell at a reduced price of $0.60 each. What must the regular price per cake be? [Round your answer to 2 decimal places.] Group of answer choices .89 .78 1.02 Can't be determined

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Maude

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1.02

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