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Determine what is the company target cost

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Question 1: A company has determined that the market price for its product should be $90. The current cost to manufacture and distribute the product is $82, and Franklin has a target profit of 15% of sales. What is the company's target cost?

a. $82.00

b. $90.00

c. $13.50

d. $76.50

Reference no: EM132582415

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