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What the profit margin on sales

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Question - Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer management desires a 12.5% profit margin on sales. Flyer's current full cost for the product is $44 per unit. If the company cannot cut costs any lower than they already are, what the profit margin on sales to meet the market selling price?

Reference no: EM133183454

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