3.) Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to their sales.

Fixed costs for selling kayaks (storage, staff, etc.)=$500 per year

Current price to buy one kayak at Lovelace=$600

Average # of kayaks sold per month last year=3

Wholesale price of kayaks=$305 per kayaks

If Lovelace has a target markup of 0.30, how much should they charge for a kayak? (Note: Use two decimal places. The unit is $ or %. )