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30. Question worth 10 points: O Silver Moon Boutique sells a line of sterling silver ewelry On average, Silver Moon earns a 60% gross profit
30. Question worth 10 points: O Silver Moon Boutique sells a line of sterling silver ewelry On average, Silver Moon earns a 60% gross profit on its jewelry. The owner wants to add some pewter jewelry to the boutique's offerings. She has found a vendor who sells pewter necklaces for $35 each. However, she believes that her customers won't pay more than $50 for pewter jewelry a. Based on normal cost percentage, what price would Silver Moon normally charge for a pewter necklace? 100 % 4 % Salea b. What is the target purchase cost Silver Moon would need in order to sell the pewter necklaces for $s0 (while still earning a 60% gross profit)? S
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