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Comdex Incorporated manufactures parts for the telecom industry. One of its products that currently sells...

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Accounting

Comdex Incorporated manufactures parts for the telecom industry. One of its products that currently sells for $170 is now facing a new competitor that offers the same product for $150. The parts currently cost Comdex $140. Comdex believes it must reduce its price to $150 to remain competitive. What is the target cost of the product if Comdex desires a 28% profit on sales dollars?

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