Multiple Choice
Fester Company was making a product for $60 and selling it for $80. A competitor began selling the same product for $68. If Fester is to meet the competition's price, and maintain the same amount of profit per unit, what is target cost?
A) $40
B) $60
C) $48
D) $17
E) $63
Correct Answer:
Verified
Correct Answer:
Verified
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