What is the target cost

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Question - Block Island TV currently sells large televisions for? $360. It has costs of? $280. A competitor is bringing a new large television to market that will sell for? $300. Management believes it must lower the price to? $300 to compete in the market for large televisions. Marketing believes that the new price will cause sales to increase by? 10%, even with a new competitor in the market. Block Island TV sales are currently? 100,000 televisions per year. What is the target cost if target operating income is? 25% of the new sales? price?

Reference no: EM132946191

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