Problem

Bonnie's Bakery bakes 60 loaves of bread for $1.10 each. Bonnie's estimates that 1...

Bonnie's Bakery bakes 60 loaves of bread for $1.10 each. Bonnie's estimates that 10% of the bread will spoil. Assume a 60% markup on cost. What is the selling price of each loaf? If Bonnie's can sell the old bread for one-half the cost, what is the selling price of each loaf? (p. 217)

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Solutions For Problems in Chapter 8