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Calculate the amount of desired profit

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Calculating a Target Cost

RU Listening manufactures cell phones and is developing a new model with a feature (targeted at parents of teens) that prevents the phone from dialing an owner-defined list of phone numbers between the hours of midnight and 6:00 a.m. The new phone model has a target price of $350. Management requires a 10% profit on new product revenues.

Required: If required, round to the nearest dollar.

1. Calculate the amount of desired profit.

2. Calculate the target cost.

Reference no: EM131580943

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