Accounting

A baker makes 500 cream-filled eclairs at a cost of \$0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of \$0.80 each. Find the marked price if the baker wishes to obtain a 75% markup on cost.
A. \$1.27

B. \$1.31

C. \$1.33

D. \$1.45

A

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