Jane westerlund owns a picture-framing store, the caplow co. her price must cover her costs for a typical framed picture, which consists of $8 for glass, $2 for matting, $15 for the frame, and $35 for the labor involved. she must also cover monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $300 for advertising, and $3,500 for her salary. the caplow co. wants a target profit of $55,000 based on a volume of 1,000 picture frames sold so she can expand the number of stores. what price should westerlund charge for a picture frame?