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KLM inc has recently launched an innovative new product that is in high demand. The company has decided to set the price for this new

KLM inc has recently launched an innovative new product that is in high demand. The company has decided to set the price for this new product at a value of life cycle cost plus a markup of 20%. if the manufacturing costs = $150 per unit, while selling and administrative costs $25 per unit, what sales price should KLM set for new product?

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