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The Sheridan House sells ice cream cones in a variety of flavours. Data for a recent week appear here: Revenue (700 cones at $1.53 each)

The Sheridan House sells ice cream cones in a variety of flavours. Data for a recent week appear here:

Revenue (700 cones at $1.53 each) $ 1,071
Cost of ingredients 385
Rent 245
Store attendant

392

Income

$

49

The Sheridan Houses manager received a call from a university student club, requesting a bid on 100 cones to be picked up in three days. The cones could be produced in advance by the store attendant during slack periods and then stored in the freezer. Each cone requires a special plastic cover that costs $0.07.

What quantitative information is relevant for this decision?

Cost of ingredients Relevant or Irrelevant
Rent Relevant or Irrelevant
Store attendant Relevant or Irrelevant
Special plastic cover Relevant or Irrelevant

Using the general decision rule, what is the minimum acceptable price per cone for this special order? (Round entry to 2 decimal places, e.g. 15.25.)

Price $

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