SkyPie is a mom and pop bakery in Detroit. It costs them $2.59 to make a single rhubarb pie. They sell the pies for $7.10 each. What percent of the new price of a pie (with the 10% increase) does the cost now represent? 0.0% percent () PS2 3 4. SUBMIT ANSWER EXIT

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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SkyPie is a mom and pop bakery in Detroit. It costs them $2.59 to make a single rhubarb pie. They
sel the pies for $7.10 each.
What percent of the new price of a pie (with the 10% increase) does the cost now represent?
0.0% percent ()
SUBMIT ANSWER
PS2
2 3 4
EXIT
CALCULATED VARIABLES:
newmargin $5.22
newprice $7.81
margin $4.51
costpct = 0.365 (36.5%)
Transcribed Image Text:SkyPie is a mom and pop bakery in Detroit. It costs them $2.59 to make a single rhubarb pie. They sel the pies for $7.10 each. What percent of the new price of a pie (with the 10% increase) does the cost now represent? 0.0% percent () SUBMIT ANSWER PS2 2 3 4 EXIT CALCULATED VARIABLES: newmargin $5.22 newprice $7.81 margin $4.51 costpct = 0.365 (36.5%)
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