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A company sellis in a competitive market and currently noticed a decline in sales. It sells its product for $300. The market price for the
A company sellis in a competitive market and currently noticed a decline in sales. It sells its product for $300. The market price for the product is $270 and the target return on sales is 15%. The product currently has a full cost of $240. By how much do costs have to be lowered in order for the company to be competitive in the market?
A. $30
B. $10.5
C. $15
D. $40.50
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