Question
Management cannot influence the price of a new product. The market price is $100 per unit. The estimated production cost is $30 per unit. If
Management cannot influence the price of a new product. The market price is $100 per unit. The estimated production cost is $30 per unit. If the gross profit is 40 percent ofthe market price, what is the target cost ofthe new product?
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Fundamentals Of Entrepreneurial Finance
Authors: Marco Da Rin, Thomas Hellmann
8th Edition
0199744750, 9780199744756
