Question: Innovative Home Solutions is developing The Ultimate Mousetrap based on customer demands and insights gained from a reverse - engineered competitor s product. Market research
Innovative Home Solutions is developing "The Ultimate Mousetrap" based on customer demands and insights gained from a reverseengineered competitors product. Market research suggests a selling price of $ per unit.
To maintain a profit margin of what should be the target cost per unit for this new mousetrap? Show your answer to decimal places.
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