The amount Logan should charge for each cupcake is $1.60
What is equivalent inputs for 60 cupcakes?
The equivalent inputs for 60 cupcakes, means the number of cupcakes that the materials used would have yielded in cupcakes if there was no wastage, hence, the cost per unit needs to be expressed to include 20% wastage
equivalent cost per unit=$0.95/(1-20%)=$1.1875
The 35% markup needs to be added to the equivalent cost per unit since markup is the profit as a percentage of cost
selling price=$1.1875*(1+35%)
selling price=$1.60
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