A companys target gross margin is 40% of the selling price of a product that costs $89

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A company’s target gross margin is 40% of the selling price of a product that costs $89 per unit. The product’s selling price should be:
a. $124.60
b. $142.40
c. $148.33
d. $222.50
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Cornerstones of Cost Management

ISBN: 978-1285751788

3rd edition

Authors: Don R. Hansen, Maryanne M. Mowen

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