Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices....
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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice president believes that a basic unit in a variety of attractive colors could be sold for $70. Shear-it requires that all new products yield 30% profit. What is the target cost of the new shredder?
a.$21
b.$100
c.$91
d.$49
e.$63.70
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