Aunt Sally's "New Orleans Most Famous Pralines" sells pralines costing $1.09 each to make. If Aunt Sally's wants a 35% markup based on selling price and produces 30 pralines with an anticipated 11% spoilage, what should each praline be sold for? Note: Use your unrounded "number of units available for sale" value (after accounting for spoilage). Round your answer to the nearest cent. Selling price

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Aunt Sally's "New Orleans Most Famous Pralines" sells pralines costing $1.09 each to make. If Aunt Sally's wants a 35% markup based
on selling price and produces 30 pralines with an anticipated 11% spoilage, what should each praline be sold for?
Note: Use your unrounded "number of units available for sale" value (after accounting for spoilage). Round your answer to the
nearest cent.
Selling price
Transcribed Image Text:Help Save & Ex Aunt Sally's "New Orleans Most Famous Pralines" sells pralines costing $1.09 each to make. If Aunt Sally's wants a 35% markup based on selling price and produces 30 pralines with an anticipated 11% spoilage, what should each praline be sold for? Note: Use your unrounded "number of units available for sale" value (after accounting for spoilage). Round your answer to the nearest cent. Selling price
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