Question: According to the formula we learned, If the variable costs of one product are equal to $12.00, and the desired profit margin for each product

According to the formula we learned, If the variable costs of one product are equal to $12.00, and the desired profit margin for each product is 20%, and the fixed costs per product are $3.50, the price should be set at:

Select one:

a.$18.50

b.$17.90

c.$18.60

d.$19.50

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