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Lucy's bake shop makes cupcakes that cost $.95 each. Lucy knows that 20% of the cupcakes will spoil. Assume Lucy wants to 35% markup on

Lucy's bake shop makes cupcakes that cost $.95 each. Lucy knows that 20% of the cupcakes will spoil. Assume Lucy wants to 35% markup on cost and produces 60 cupcakes. What should Lucy charge for each cupcake?

Round to the nearest cent.

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