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Currently you sell cups of coffee for an average price of $4.00 each. The ingredients (coffee, creamer sweetener) cost you $1.20/cup and the paper goods

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Currently you sell cups of coffee for an average price of $4.00 each. The ingredients (coffee, creamer sweetener) cost you $1.20/cup and the paper goods (cup, stirrer, lid) cost you $0.65/cup. You expect the ingredient cost to decline 18% next year and the paper good cost to increase 5%. If you keep your price per cup the same, what will be your Gross Margin next year? 58% 0.48% 0 54% O 49% 65%

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