Solution-Calculate the reduction required in cost to meet

Calculate the reduction required in cost to meet the target

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Reference no: EM132947281

Problem - XXX Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company expects 50% margin on selling price. The current market price of the similar product is $ 2000. The production cost of this product (L2) currently comes around $ 1300 per unit. Calculate the reduction required in cost to meet the target cost per unit?

Reference no: EM132947281

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Calculate the reduction required in cost to meet the target

Reference no: EM132947281

Reference no: EM132947281

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