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Brief Exercise 13-23 (Static) Comdex Incorporated manufactures parts for the telecom industry [LO 13-1] Comdex Incorporated manufactures parts for the telecom industry. One of its

Brief Exercise 13-23 (Static) Comdex Incorporated manufactures parts for the telecom industry [LO 13-1]

Comdex Incorporated manufactures parts for the telecom industry. One of its products that currently sells for $160 is now facing a new competitor that offers the same product for $140. The parts currently cost Comdex $130. Comdex believes it must reduce its price to $140 to remain competitive. What is the target cost of the product if Comdex desires a 25% profit on sales dollars?

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