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Cher opened a bakery that manufactures packaged Cupcakes in LA. Using the Plantwide allocation system, they have determined that the cost per cupcake is $1.30.

Cher opened a bakery that manufactures packaged Cupcakes in LA. Using the Plantwide allocation system, they have determined that the cost per cupcake is $1.30. Since operating expenses in California are high, Cher wants a gross profit percentage of 75%. For what price should they sell their product? Round answer to the nearest penny (e.g. x.xx).

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