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J-Time,Inc

Question 6

Multiple Choice

J-Time,Inc.is planning to launch a new brand of watches for kids.Similar watches are available in the market for $58.In order to penetrate the market,the company plans to use target pricing and desires a 22% net profit markup on total cost.Calculate the target cost.(Round your answer to the nearest cent. )


A) $70.76
B) $12.76
C) $47.54
D) $45.24

Correct Answer:

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