Lucy's Bakeshop Makes Cupcakes That Cost

question 109

Short Answer

Lucy's Bakeshop makes cupcakes that cost $.95 each. Lucy knows that 20% of the cupcakes will spoil. Assume Lucy wants a 35% markup on cost and produces 60 cupcakes. What should Lucy charge for each cupcake? Round to the nearest cent.

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Definitions:

Evolutionary Psychologist

A researcher focused on understanding how evolutionary principles shape human behaviours and mental processes.

Survival Advantage

A characteristic that makes an organism more likely to survive and reproduce in its environment compared to others without the trait.

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Darwin's Theory

A scientific theory developed by Charles Darwin that explains the diversity of life on Earth through the process of natural selection.