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ABC are looking at making a new product. They have done their research and are confident that they understand the needs of their customers and
ABC are looking at making a new product. They have done their research and are confident that they understand the needs of their customers and how much a customer would be willing to pay for the product. It has been determined that this price would be $20. ABC have a desired profit margin on their products of 30%. What would be ABCs target cost?
$4.00
$26.00
$14.00
$8.00
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