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Many luxury sheets cost less than ( $ 200 ) to make but sell for more than ( $ 500 ) in retail stores. Some
Many luxury sheets cost less than \\( \\$ 200 \\) to make but sell for more than \\( \\$ 500 \\) in retail stores. Some cost even more consumers pay almost \\( \\$ 3,000 \\) for Frett'e \"Tangeri Pizzo\" king-size luxury linens. The creators of a new brand of luxury linens, called Boll \\& Branch, have entered this market and are determining the price at which to sell their sheets directly to consumers online. They want to price their sheets lower than most brands but still want to earn an adequate margin on sales. The sheets come in a luxurious box that can be reused to store lingerie, jewelry, or other keepsakes. The Boll \\& Branch brand touts fair trade practices when sourcing its high-grade long-staple organic cotton from India. Given the cost per king-size sheet set below, and assuming the manufacturer has total fixed costs of \\( \\$ 270,000 \\) and estimates first year sales will be 30,000 sets, determine the price to consumers if the company desires a 35 percent margin on sales. Click the icon to view the cost information for a king-size set. The variable cost is \\( \\$ \\quad \\). (Round to the nearest dollar.) The cost per unit is \\( \\$ \\quad \\). (Round to the nearest dollar.) The markup price is \\( \\$ \\quad \\). (Round to the nearest dollar.) Many luxury sheets cost less than \\( \\$ 200 \\) to make but sell for more than \\( \\$ 500 \\) in retail stores. Some cost even more consumers pay almost \\( \\$ 3,000 \\) for Frett'e \"Tangeri Pizzo\" king-size luxury linens. The creators of a new brand of luxury linens, called Boll \\& Branch, have entered this market and are determining the price at which to sell their sheets directly to consumers online. They want to price their sheets lower than most brands but still want to earn an adequate margin on sales. The sheets come in a luxurious box that can be reused to store lingerie, jewelry, or other keepsakes. The Boll \\& Branch brand touts fair trade practices when sourcing its high-grade long-staple organic cotton from India. Given the cost per king-size sheet set below, and assuming the manufacturer has total fixed costs of \\( \\$ 270,000 \\) and estimates first year sales will be 30,000 sets, determine the price to consumers if the company desires a 35 percent margin on sales. Click the icon to view the cost information for a king-size set. The variable cost is \\( \\$ \\quad \\). (Round to the nearest dollar.) The cost per unit is \\( \\$ \\quad \\). (Round to the nearest dollar.) The markup price is \\( \\$ \\quad \\). (Round to the nearest dollar.)
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