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Sara has now started her cake company, and has decided to raise prices from $40...

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Accounting

Sara has now started her cake company, and has decided to raise prices from $40 a cake to $50 a cake. The cost to make each cake is still $15 a cake. Her shared kitchen still costs $1200 a month. What is the percentage markup per cake?

Question 17 options:

62.5%

70%

167%

233%

Answer & Explanation Solved by verified expert
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