Market Floor Calculation
Cupcakes are sold for $2.50 each. The expected profit per cupcake is $0.75, and the selling cost per cupcake is $0.30. What is the market floor?
A
$2.95
B
$2.05
C
$1.45
D
$2.30
E
$1.75
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810Cupcakes are sold for $2.50 each. The expected profit per cupcake is $0.75, and the selling cost per cupcake is $0.30. What is the market floor?
$2.95
$2.05
$1.45
$2.30
$1.75