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A company believes it can sell 10,000,000 units of its proposed new garage door opener at a price of $100 each. If the company desires
A company believes it can sell 10,000,000 units of its proposed new garage door opener at a price of $100 each. If the company desires to make a profit of 40% of selling price on the garage door opener, what is the target cost per opener? A. $100 B. $60 C. $140 D. $40 I answered this as B $60. That is the target cost for the opener and the other $40 is the 40% profit. Please verify
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