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A company would like to sell a new product at a profit margin of 16% of the proposed selling price. The average unit cost of
A company would like to sell a new product at a profit margin of 16% of the proposed selling price. The average unit cost of the product is 30, and the marketing department established that customers would not pay more than 50 for the product. What is the target cost of the product? a. 30.00 b. 34.80 c. 42.00 d. 58.00
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