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Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What
Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What is the target price for the new product?
| a. | $12.80 | |
| b. | $53 | |
| c. | $64 | |
| d. | $320 | |
| e. | $80 |
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Financial Accounting Theory
Authors: William R Scott
5th Edition
0132072866, 978-0132072861
