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Arley's Bakery makes fat-free cookies that cost $1.50 each. Arley expects 20% of the cookies...

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Accounting

Arley's Bakery makes fat-free cookies that cost $1.50 each. Arley expects 20% of the cookies to fall apart and be discarded. Arley wants a 40% markup on cost and produces 240 cookies.
What should Arley price each cookie?
A: ?

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