Multiple Choice
J-Time Inc.is planning to launch a new brand of watches for kids.Similar watches are available in the market for $50.In order to penetrate the market,the company plans to use target pricing and desires a 20% net profit markup on total cost.Calculate the target cost.
A) $60.00
B) $30.75
C) $41.67
D) $40.20
Correct Answer:
Verified
Correct Answer:
Verified
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