Question: I am looking for the correct answer to this general accounting question with appropriate explanations. Jason Rodriguez is planning to launch a new line of

I am looking for the correct answer to this general accounting question with appropriate explanations.

Jason Rodriguez is planning to launch a new line of specialty watches. Based on competitive analysis and market research, management has determined that each watch should be priced at $225. Additionally, management wants to maintain a profit margin of 35 percent of sales revenue. What is the target cost? A) $146.25 B) 3168.75 C) $78.75 D) $157.50

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