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Sophie Lovins sells fur-covered coffee mugs. Market research indicates that she will be able to sell 800 cups. Each cup has a variable cost of
Sophie Lovins sells fur-covered coffee mugs. Market research indicates that she will be able to sell 800 cups. Each cup has a variable cost of $4. Her rent is $1000 a month. How much does she need to charge for each cup in order to make a before-tax profit of $2000?
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