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Comdex Incorporated manufactures parts for the telecom industry. One of its products that currently sells for $190 is now facing a new competitor that offers

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Comdex Incorporated manufactures parts for the telecom industry. One of its products that currently sells for $190 is now facing a new competitor that offers the same product for $170. The parts currently cost Comdex $160. Comdex believes it must reduce its price to $170 to remain competitive. What is the target cost of the product if Comdex desires a 20% profit on sales dollars

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