Multiple Choice
Summit has learned that a competitor plans to introduce a similar widget at a price of $80. In response, Summit may reduce its selling price to $80. If Summit requires a 25% return on sales, what is the target cost for the new widget?
A) $80.
B) $60.
C) $23.75.
D) $20.
Correct Answer:
Verified
Correct Answer:
Verified
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