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What is the target cost at a market price

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Reference no: EM133002987

PetBeds sell for $180 each. Debra estimates the gross margin at $60. After working with production engineers and the marketing research team, Debra has designed a bed that she believes the new market segment will purchase $450 for. The production engineers and accountants believe it will cost about $180 to make.

Problem 1: If Cullumber Designs wants to preserve the existing gross margin percentage, what is the target cost at a market price of $204? (Round answer to 0 decimal places, e.g. 25,000.

Reference no: EM133002987

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