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ABC are looking at making a new product. They have done their research and are...

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Accounting

ABC are looking at making a new product. They have done their research and are confident that they understand the needs of their customers and how much a customer would be willing to pay for the product. It has been determined that this price would be $20. ABC have a desired profit margin on their products of 30%. What would be ABCs target cost?

$4.00

$26.00

$14.00

$8.00

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