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SkyPie is a mom and pop bakery in Detroit. It costs them $2.89 to make a single rhubarb pie. They sell the pies for $4.00.

SkyPie is a mom and pop bakery in Detroit. It costs them $2.89 to make a single rhubarb pie. They sell the pies for $4.00. Over the holidays they sold 350 rubarb pies, a 35% increase over the previous year. The owners would like to increase their target margin to 75% but dont want to raise the price for their customers. How much do they need to lower the cost of making the pies to reach the target margin?

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