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ira [324]
3 years ago
11

Barry Boots Inc. is considering adding a new line of boots. Based on preliminary market research, management has decided that ea

ch pair of boots should be priced at $300. Furthermore, management believes that the profit margin should be 30 percent of sales revenue.
What is the target cost?
a. $150.75
b. $225.50
c. $260.00
d. $157.50
Business
1 answer:
ra1l [238]3 years ago
3 0

Answer:

the target cost is $210

Explanation:

The computation of the target cost is shown below;

Given that

sale price   = $300

Profit margin = 30%

Now

Profit = $300 × 30%

= $90

Since the profit is $90

So, the Cost is

= sales - profit

= $300 - $90

= $210

hence, the target cost is $210

This is the answer but the same is not provided in the given options

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