Emily runs a bakery where she sells cupcakes. Each cupcake costs $2.50 to make. Recently, the cost of ingredients increased by 20%. Emily decides to increase the selling price of each cupcake by the same percentage to maintain her profit margin. If she sells 200 cupcakes in a week, how much total revenue does she make after the price increase? Let's think step by step and output the final answer within \boxed{}.
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