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Author Question: Silver Moon Boutique sells a line of sterling silver jewelry. On average, Silver Moon earns a 60% ... (Read 123 times)

Aimless0988

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Silver Moon Boutique sells a line of sterling silver jewelry. On average, Silver Moon earns a 60% gross profit on its jewelry. The owner, Pat Harring, wants to add some pewter jewelry to the boutique's offerings. Pat has found a supplier who sells pewter necklaces for $35 each. However, she believes that her customers won't pay more than $50 for pewter jewelry.

Required:

a.What price would Silver Moon normally charge for a pewter necklace?
b.What is the target cost Silver Moon would need to meet to sell the pewter necklaces
for $50?
c.What could Silver Moon do to meet the target cost in part b?


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Marked as best answer by Aimless0988 on Feb 5, 2023

kaelamcrone

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Aimless0988

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


ryhom

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Reply 3 on: Yesterday
:D TYSM

 

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