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Arleys Bakery makes fat-free cookies that cost $1.60 each. Arley expects 25% of the cookies to fall apart and be discarded. Arley wants a 55%

Arleys Bakery makes fat-free cookies that cost $1.60 each. Arley expects 25% of the cookies to fall apart and be discarded. Arley wants a 55% markup on cost and produces 200 cookies. What should Arley price each cookie? (Round your answer to the nearest cent.)

Price per cookie $

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