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Question: Drewrey's fruit stand sells fresh fruits and vegetables. Becky Drewrey, the manager, must mark the selling price of incoming produce high enough to make the desired profit while taking expected markdowns and spoilage into account. Becky paid $0.35 per pound for 300 pounds of grapes. On average, 12% of the grapes will spoil. Find the selling price per pound needed to achieve a 175% markup on cost.

Reference no: EM131622526

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