Sunfresh Bakery Makes Italian Bread That Costs $1

Multiple Choice

Sunfresh Bakery makes Italian bread that costs $1.34 per loaf. Past experience shows that 8 percent of the loaves will spoil and have to be discarded. Assuming Sunfresh wants a 45 percent markup based on cost and produces 250 loaves, each loaf of bread should sell for:

A) $2.11
B) $2.95
C) $2.08
D) $1.94