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Angies Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of the cookies will crack and be discarded. Angie

Angies Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of the cookies will crack and be discarded. Angie wants a 60% markup on cost and produces 100 cookies.

Chocolate chip cookie price $ 2.00

Amount of cookies that will crack and be discarded 10%

Markup on cost 60%

Total number of cookies produced 100

Required: Using the information given above, answer the following questions:

1. What is the total cost of the chocolate chip cookies?

2. What is the markup on cost for the cookies?

3. What is the total selling price for the cookies?

4. What percentage of cookies will crack or be discarded from production?

5. How many sellable cookies will Angie have after discarding the defective cookies?

6. What should Angie price each cookie?

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