Ta Failte Romhat is a boutique store specializing in Irish foods and gifts. They sell woolen sweaters handmade in the Aran Islands for111Euros. The sweaters cost them55Euros.

CALCULATED VARIABLES:

tcm =1,680

pmargin =0.505(50.5%)

margin =56

If the manager of the store wanted to achieve a 65% target margin, what should be the selling price for the sweaters in Euros?