Suppose Nike, Inc., has developed a new shoe that can be sold for $140 a pair. Management requires a profit equal to 60 % of the selling price. Determine the target cost of this product. B - Suppose Nike, Inc., wants to increase the desired profit by 70% percent selling price, and the cost of this new shoe becomes $70 due to some features added to this shoe. What type of cost approach will used? Why? And what is the $ 56 latest price of the shoe?