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Periwinkle Manufacturing Company has the following budgeted costs for 10,000 units: Variable Costs Fixed Costs Manufacturing $200,000 $ 75,000 Selling & Administrative 100,000 25,000 Total $300,000 $100,000 What is the initial selling price needed to obtain a target profit of $200,000 using the variable cost markup method?

	$30
	$60
	$50
	$55