Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average margin in his industry is 46%. Cheng currently sells the cabinets for $41, but thinks he should consider using the industry average margin as his target goal. If Cheng decides to sell to a retailer who earns a retail margin of 20%, what would be the final price to consumers if Cheng changes his price to the retailer to reflect his target margin? FREE TUTORIAL 0.00 dollars PS1 2 3 SUBMIT ANSWER EXIT CALCULATED VARIABLES: price = $51.85 margin = $13 = Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average margin in his industry is 46%. Cheng currently sells the cabinets for $41, but thinks he should consider using the industry average margin as his target goal. If Cheng decides to sell to a retailer who earns a retail margin of 20%, what would be the final price to consumers if Cheng changes his price to the retailer to reflect his target margin? FREE TUTORIAL 0.00 dollars PS1 2 3 SUBMIT ANSWER EXIT CALCULATED VARIABLES: price = $51.85 margin = $13 =