Smith Automotive is a company that produces component parts for automobile engines. They have a product that
Question:
If Smith Automotive wants to achieve a 30% profit, calculate the lowest price at which Smith Automotive could sell this product and still achieve this profit objective. Show your work.a) $1.07 per unit
b) $10.00 per unit
c) $10.70 per unit
d) $11.50 per unit
e) $25 per unit
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