Question: Eko-Clean is developing a new, all natural general-purpose cleaner. The company targets a 47% gross margin on its products. They have estimated the cost of

Eko-Clean is developing a new, all natural general-purpose cleaner. The company targets a 47% gross margin on its products. They have estimated the cost of manufacturing the new cleaner to be $1.75. If that is the case, what should the selling price be to generate the company's target gross margin?

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