3)

Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtles marketing department believes the product will sell for $60. Turtles goal is a 30 percent profit margin on the widget.

Required :

1.

If current prototypes cost $97.60 to produce, will Turtle meet its profit goal?

	Yes
	No

2.	Calculate the target cost necessary for Turtle to earn 30 percent profit. Target Cost: