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Tire Kingdom requires a 60% profit margin on it dirt bike racing tires. At a price of $78 per tire the company expects to sell

Tire Kingdom requires a 60% profit margin on it dirt bike racing tires. At a price of $78 per tire the company expects to sell 16,000 tires. How much is the company's target cost on each tire?

A.$31.20

B. $130.00

C.$46.80

D.$48.75

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