Use this information for Flyer Company to answer the question that follow. Flyer Company sells...
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Use this information for Flyer Company to answer the question that follow. Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer's management desires a 12.5% profit margin on sales. Its current full cost for the product is $44 per unit. If the company cannot cut costs any lower than they already are, what would the profit margin on sales be to meet the market selling price? a. 8.3% b. 10.3% c. 9.3% d. 7.3%
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