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Math (U.S.) -The Total Cost of the Ingredients for the Arroz a Arroz

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Math (U.S.)
-The total cost of the ingredients for the Arroz a la Mexicana recipe is $2.18 and it yields 16 portions. If the price of long grain rice rises from $0.62 per pound to $0.70 per pound, what is the corresponding rise in portion cost? The recipe calls for 1.5 pounds of rice. Remember to round your answer to the nearest penny.

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