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Determine the menu sales price

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    Assignment ID: FG133121126

    The present cost to Robert and Abhav’s Grass-fed Beef and Craft Brewpub for one a la carte ribeye steak is $5.90. At an annual inflation rate of 6 percent, calculate what the steak is likely to cost one year from today, then determine the menu sales price for this item one year from today if the cost percent at that time is to be 38 percent.

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