Aunt sally’s “new orleans most famous pralines” sells pralines costing $1.05 each to make. if aunt sally’s wants a 40% markup based on selling price and produces 35 pralines with an anticipated 19% spoilage, what should each praline be sold for? (round your answer to the nearest cent.)
selling price $

COST + MARK UP = SELLING PRICE
COST = $1.05 * 35PCS = $36.75
MARK UP = 40% OF SELLING PRICE

S = $36.75 + 0.40S
S - 0.40S = $36.75
0.60S = $36.75
S = $36.75 / 0.60
S = $61.25 - TOTAL SALES

19% SPOILAGE OF THE 35 PRALINES = 6.65 PRALINES

$61.25 / 35-6.65 = $61.25 / 28.35 = $ 2.16 OR $2.20 ROUNDED OFF SELLING PRICE FOR EACH PRALINE

To check:

Total Sales     61.25
Total Cost       36.75
Margin            24.50

24.50 / 61.25 = 40% of the sales.