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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices....

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Accounting

Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice president believes that a basic unit in a variety of attractive colors could be sold for $70. Shear-it requires that all new products yield 30% profit. What is the target cost of the new shredder?

a.$21

b.$100

c.$91

d.$49

e.$63.70

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