SkyPie is a mom and pop bakery in Detroit. It costs them $1.99 to make a single rhubarb pie. They sell the pies for $4.0

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answerhappygod
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SkyPie is a mom and pop bakery in Detroit. It costs them $1.99 to make a single rhubarb pie. They sell the pies for $4.0

Post by answerhappygod »

SkyPie is a mom and pop bakery in Detroit. It costs
them $1.99 to make a single rhubarb pie. They sell the
pies for $4.00. Over the holidays they
sold 370 rubarb pies,
a 35% increase over the previous
year.
The owners would like to increase their target margin to 75% but
don’t want to raise the price for their customers. How much do they
need to lower the cost of making the pies to reach the target
margin?
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