As Amber Cupcakes is the only cupcake shop in the area, the owner sells her cupcakes for a premium. The rate of markup on each cupcake is 85.00% on selling price. If she sells each cupcake for $3.25, what is her cost to make each cupcake? Round to the nearest cent

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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As Amber Cupcakes is the only cupcake shop in the area, the owner sells her cupcakes
for a premium. The rate of markup on each cupcake is 85.00% on selling price. If she
sells each cupcake for $3.25, what is her cost to make each cupcake?
Round to the nearest cent
Transcribed Image Text:As Amber Cupcakes is the only cupcake shop in the area, the owner sells her cupcakes for a premium. The rate of markup on each cupcake is 85.00% on selling price. If she sells each cupcake for $3.25, what is her cost to make each cupcake? Round to the nearest cent
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