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What is the target cost for each bottle stopper

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Question - A company believes it can sell 2,000,000 units of its proposed new bottle stopper at a price of $16.00 each. If the company desires to make a profit of $3,000,000 on the bottle stopper, what is the target cost for each bottle stopper?

A) 14.50

B) 16.00

C) 17.50

D) 9.67

Reference no: EM132535213

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