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Lata Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company expects 25% margin on selling price. The current market price of the similar product is $ 3600. The production cost of this product (L2) currently comes around $ 300 per unit.
Required:
Problem 1: Calculate the reduction required in cost to meet the target cost per unit
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