• Starbucks Corporation is evaluating the costs of opening a new coffee shop location. The estimated costs for the first year of operation are as follows:
  • Rent: $100,000
  • Equipment Purchase: $50,000
  • Staff Salaries: $200,000
  • Marketing Expenses: $50,000
• If Starbucks expects to sell 100,000 cups of coffee in the first year and aims for a 20% profit margin, calculate the selling price per cup required to achieve this margin.