Maybe this will help , this is the question before it with the answer
You’re instructed to prepare for a promotional candle sale you will use to test the popularity of the two redesigned candles. Wicks, labor, and other costs add about $1.60 to the cost of each candle.
Suggest a retail price for each candle that will cover costs and allow for some profit. Explain how you determined these prices. Your reasoning does not have to be all math related, but it should include specific values derived from your calculations.
Answer:
cost of the brick is $4.48 + $1.60 = $6.08
50% markup is typical on things like decorative candles so a profit of $3.04
for a total retail price of $9.12 .
I'd then figure the sales tax for my area. Where I live it 8.25%, so adjusted for an even dollar value. A retail price of $9.87 comes to $10 with tax
cost of the egyptian is $7.00 + $1.60 = 8.60$
markup of $4.30 gives a retail price of $12.90
same story with the sales tax. I'd price it at $13.96 so tax brings it to $14
