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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

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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=$675 Average # of kayaks sold per month last year=5 Wholesale price of kayaks=$250 per kayaks If Lovelace has a target markup of 0.35, how much should they charge for a kayak? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Answer units 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=$675 Average # of kayaks sold per month last year=5 Wholesale price of kayaks=$250 per kayaks If Lovelace has a target markup of 0.35, how much should they charge for a kayak? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Answer units

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