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Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen...

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Question

Accounting

Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What is the target price for the new product?

a.

$12.80
b.

$53
c.

$64
d.

$320
e.

$80

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