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Creative chronometer, Inc. is planning to launch a new brand of watches for kids. Similar watches are available in the market for $56. In order
Creative chronometer, Inc. is planning to launch a new brand of watches for kids. Similar watches are available in the market for $56. In order to penetrate the market, the company plans to use target pricing and desires a 28% net profit mark up on total cost. Calculate the target cost. (Round your answer to the nearest cent.) Answer: $43.75 *****please show your work for the answer*****
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