Answer:
$1.85
Explanation:
Calculation for what would be the appropriate price to achieve a target margin of 60%
Using this formula
Appropriate price to achieve 60%Target margin=Cost of growing basil/(1-Target margin)
Let plug in the formula
Appropriate price to achieve 60%Target margin=$0.74 / (1 - .60)
Appropriate price to achieve 60%Target margin=$0.74/0.4
Appropriate price to achieve 60%Target margin= $1.85
Therefore At the current cost of growing basil, what would be the appropriate price to achieve a target margin of 60% will be $1.85
