Market prepares fresh gourmet entrees each day. On Wednesday, 80 baked chicken
dinners were made at a cost of $3.50 each. A 10% spoilage rate is anticipated.
a. At what price should the dinners be sold to achieve a 60% markup based on
selling price? b. If Epicure offers a $1-off coupon in a newspaper
advertisement, what markdown percent does the coupon represent?
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