Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen...
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Accounting
Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What is the target price for the new product?
a.
$12.80
b.
$53
c.
$64
d.
$320
e.
$80
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