Principal Perry ordered 50 cupcakes from Cocoa Cups Bakery for his monthly honor roll party.

Since this was a bulk order, Cocoa Cups reduced the price of each cupcake by $0.60. Principal
Perry paid $95 in all. How much does Cocoa Cups normally charge for a cupcake?

Let's assume the normal price of a cupcake at Cocoa Cups Bakery is $x.

Since Principal Perry ordered 50 cupcakes, the total cost of the cupcakes at the normal price would be 50 * x = $<<50*x=50x>>50x.
Since the price was reduced by $0.60 per cupcake, the reduced price of each cupcake is x - $0.60.
The total cost of the 50 cupcakes at the reduced price is 50 * (x - $0.60) = $95.
Expanding the equation, we get 50x - 30 = $95.
Combining like terms, we get 50x = $125.
Dividing both sides by 50, we get x = $<<125/50=2.5>>2.5.
Therefore, Cocoa Cups Bakery normally charges $2.5 for a cupcake. Answer: \boxed{2.5}.