Question

Sarah's Sunglasses Shack purchases a case of the latest model of Maui Jim sunglasses for $69/pair if Sarah applies her target markup on price of 60%, what will the retail price be? A) $129.99 B) $144.75 C) $151.80 D) $172.50 Based on competitive pressures Sarah cannot sell the the latest model of Maui Jim sunglasses for more than $149.99/pair If Sarah wants to achieve her target markup on cost of 120%, what cost does she need from her suppliere $60.00 $64.24 C) $66.78 D) $68.18 A) Sarah's Sunglasses Shack purchases a case of the latest model of Maui Jim sunglasses for $69/pair. If Sarah applies her target markup on price of 60%, what will the retail price be? $60.00 $64.24 $66.78 D) $68.18 CD

Answer 1

Question	Correct option	Correct answer	Calculations:
1	D	$ 172.5	Retail price = 69/40*100 = 172.50
2	D	$ 68.18	Cost = 149.99/220*100 = $ 68.18

Question 3 is exactly the same as question 1. So, its answer should also be $ 172.50. But that is not in the options. So, that can not be answered.

In case of any doubt, please comment.