Question: Apple s gross margin averages 3 9 % in 2 0 1 4 . If Apple plans to introduce a new product the iPhone version

Apples gross margin averages 39% in 2014. If Apple plans to introduce a new product the iPhone version XX in 2016, and wants to maintain the same gross margin, how much should they charge for the iPhone version XX if that products unit cost is $700?

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