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How much does each cake contribute to paying

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Question - Krab Kakes has a selling price of $5.00 per cake, variable cost of $1.50 per cake, and total fixed costs of $3,000. In January, they sold 1,750 cakes. How much does each cake contribute to paying for fixed expenses and generating profit?

$3.21

$1.50

$5.00

$3.50

Reference no: EM132280227

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