Yolanda's Mini-Market sells decorated cupcakes for $29.99 a dozen. It costs Yolanda $1.25 to produce each cupcake. What is the markup on a dozen cupcakes?

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1. Yolanda's Mini-Market sells decorated cupcakes for $29.99 a dozen. It costs Yolanda $1.25 to produce each cupcake. What is the markup on a dozen cupcakes?