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Many luxury sheets cost less than $200 to make but sell for more than $500 in retail stores. Some cost even more dash consumers pay
Many luxury sheets cost less than $200 to make but sell for more than $500 in retail stores. Some cost even more dash 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. 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 that the cost is \$145 per king-size sheet set below, and assuming the manufacturer has total fixed costs of $400,000 and estimates first year sales will be 40,000 sets, determine the price to consumers if the company desire a 50 percent margin on sales. The cost per unit is $_ (Round to the nearest dollar.) The markup price is $. (Round to the nearest dollar.) A. 155;310 B. 310;155 C. 145;310 D. 115;310 E. 155;315
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