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3 Lata Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company

image text in transcribed 3 Lata Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company expects 25% margin on selling price. The current market price of the similar product is $3600. The production cost of this product (L2) currently comes around $300 per unit. Required: Calculate the reduction required in cost to meet the target cost per unitimage text in transcribed

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