Marketing Math Student Workbook Art Major sells painting supplies to aspiring artists. Art is planning to sell a new line of paints that the will have to sell at $15.99 based on competitive pressures in his market. Art's target markup on cost % is 130%. What cost does Art need to negotiate for the new paints in order to achieve his target? A. $6.95 B. $7.20 C. $8.19 D. $8.89 Complete the following tables by calculating the Cost, Price and Markup as required. Selling Price $ 14.99 $ 21.99 $ 19.75 Markup Cost $ 7.25 $ 9.25 $ 10.15 Markup on Cost 115.0% 90.0% Markup on Selling Price 58.0% 45.0% Selling Price $ 16.99 $ 18.99 $ 18.75 Markup Cost $9.29 $ 8.65 $ 9.75 Markup on Cost 95.0% 90.0% Markup on Selling Price 52.0% 48.0% 21 Page