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Question 3 ( 2 points ) SuGar Co . is run by Susan and Garry, who have been business partners for more than 2 0

Question 3(2 points)
SuGar Co. is run by Susan and Garry, who have been business partners for more than
20 years. Their specialty is to produce and sell solid wood tables. Last year, their
costs to produce and sell the tables included raw materials ( $200 per table), direct
labour ( $100 per table), and shipping ( $50 per table). They then added a 60% margin
to determine their price. This year, the cost of their raw materials increased by 50%.
Their other variable costs did not change. If they intend to keep their price ($) the
same as before, what is their new margin (%) rounded to the nearest percentage?
75%
33%
100%
49%
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