At the current cost of growing basil, what would be the appropriate price to achieve a target margin of 60%

$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

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough