Multiple Choice
The cost of the liquor in a certain drink is $.24 per ounce, and the cost of the mixer is $.04. The drink contains 2 ounces of liquor and 6 ounces of mixer, and the desired cost-to-sales ratio for the drink is 20%. What is the standard selling price for the drink?
A) $1.40
B) $3.60
C) $4.20.
Correct Answer:
Verified
Correct Answer:
Verified
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