Question: 3) Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtles marketing department believes

3)

Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtles marketing department believes the product will sell for $60. Turtles goal is a 30 percent profit margin on the widget.

Required :
1. If current prototypes cost $97.60 to produce, will Turtle meet its profit goal?
Yes
No

2.

Calculate the target cost necessary for Turtle to earn 30 percent profit.

Target Cost:

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