Eko-Clean is developing a new, all natural general-purpose cleaner. The company targets a 47% gross margin on its products. They have estimated the cost of manufacturing the new cleaner to be $1.75. If that is the case, what should the selling price be to generate the company's target gross margin?

Answer rating: 100% (QA)

The gross margin is calculated as Gross Margin Selling P... View the full answer