Calculating Price Using a Markup Percentage of Cost

Aunt Cecilia's Gift Shop has decided to price the candles it sells at cost plus 60%. One type of carved pillar candle costs $5, and scented votive candles cost $0.70 each.

Required:

1. What price will Aunt Cecilia's Gift Shop charge for the carved pillar candle? If required, round your answer to two decimal places. $------------------

2. What price will Aunt Cecilia's Gift Shop charge for each scented votive candle? If required, round your answer to two decimal places. $------------------