You Work at a Sporting Goods Store

You work at a sporting goods store. You are considering adding baseball gloves and bats to your inventory. What would be the selling price of baseball bats with a mark-up percentage of 85% (cost is $12) and the baseball gloves with a target gross margin of 60% (cost is $20) .

A) Selling Price (bats) = $32; Selling Price (gloves) = $10.2
B) Selling Price (bats) = $37; Selling Price (gloves) = $22
C) Selling Price (bats) = $22.20; Selling Price (gloves) = $50
D) Selling Price (bats) = $24; Selling Price (gloves) = $25.00
E) None of these answers is correct.