Question
Assume the end user price of product P is $1000. The product is sold by a manufacture with a desired gross profit margin of 21%;
Assume the end user price of product P is $1000. The product is sold by a manufacture with a desired gross profit margin of 21%; the product is then sold directly to consumer through a retailer with a desired profit margin of 23%. What is the target cost of the product?
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Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
