hello. I have two questions where;

29.If the target selling price is $120 and the target profit margin is a 40 per cent mark-up on cost, what is the target cost?

A. $48

B. $72

C. $85.70

D. $34.30

I thinks the answer is B but actual answer is C. Would you like to explain to me?

33.Beaufort Ltd is introducing a new range of products. It has established that the target selling prices of the three products are $120, $150 and

$210. Beaufort requires a profit mark-up on cost of 33.3 per cent for all its products. What percentage of the target prices is the target cost in

each case?

A. 50%

B. 60%

C. 66.7%

D. 75%

I also thought the answer is C but the correct answer is D.

I really appreciate for reply to explain about that.