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Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $180 is now facing a new competitor that offers

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Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $180 is now facing a new competitor that offers the same product for $160. The parts currently cost Comdex $150. Comdex believes it must reduce its price to $160 to remain competitive. What is the target cost of the product if Comdex desires a 30% profit on sales dollars? Target cost

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