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What will be the new target price

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Reference no: EM132982929

Problem 1: Bollard Company manufactures a product that has a full cost of $700. Its target operating income per unit is $50. To stay competitive, Bouchard management believes it must cut its price by 15%. What will be its new target price?

a.$587.50
b.$700
c.$637.50
d.$50

Reference no: EM132982929

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