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Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $220 is now facing a new competitor that offers
Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $220 is now facing a new competitor that offers the same product for $200. The parts currently cost Comdex $190. Comdex believes it must reduce its price to $200 to remain competitive. What is the target cost of the product if Comdex desires a 15% profit on sales dollars? X Answer is complete but not entirely correct. Target cost $ 172 x
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