Multiple Choice
Creative Chronometer,Inc.is planning to launch a new brand of watches for kids.Similar watches are available in the market for $56.In order to penetrate the market,the company plans to use target pricing and desires a 28% net profit markup on total cost.Calculate the target cost.(Round your answer to the nearest cent.)
A) $71.68
B) $15.68
C) $43.75
D) $40.32
Correct Answer:
Verified
Correct Answer:
Verified
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