Riverdale Partners wants to introduce a new line of fragrances. Market research indicates that a potential fragrance
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Riverdale Partners wants to introduce a new line of fragrances. Market research indicates that a potential fragrance would sell well in the market priced at $268.80 each. Riverdale requires an operating profit of 28 percent of costs.
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What is the highest acceptable manufacturing cost for which Riverdale would be willing to produce the fragrance?
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