Question: Plexis, a car manufacturer, has been analyzing its marketing data. The marketing director has set a target price of $61,000 on a new, fully loaded

Plexis, a car manufacturer, has been analyzing its marketing data. The marketing director has set a target price of $61,000 on a new, fully loaded Plexis. The company’s target profit is 25 percent of cost.

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What is the target cost for a new Plexis?

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