Question
Rani Industries wants to launch a new product in the market. The company expects 20% margin on selling price. The current market price of the
Rani Industries wants to launch a new product in the market. The company expects 20% margin on selling price. The current market price of the similar product is $260. The production cost of this product currently comes around $230 per unit.
Required: Calculate the reduction required in cost to meet the target cost per unit
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
6th Edition
0273638335, 978-0273638339
