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Arley s Bakery makes fat - free cookies that cost $ 1 . 6 0 each. Arley expects 2 5 % of the cookies to

Arleys Bakery makes fat-free cookies that cost $1.60 each. Arley expects 25% of the cookies to fall apart and break. Assume that Arley can sell the broken cookies for $1.50 each. Arley wants a 40% markup on cost and produces 200 cookies. What price should Arley charge for each unbroken cookie?
Note: Round your answer to the nearest cent.

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