Question: Question 6 (5 points) Bobby's Bongos is designing a new entry-level set of Bongo Drums. The company targets a 48% gross margin on its products.

Question 6 (5 points) Bobby's Bongos is designing a new entry-level set of Bongo Drums. The company targets a 48% gross margin on its products. They have estimated the cost of manufacturing the new entry-level Bongo Drum to be $124. If that is the case, what should the selling price be to generate the company's target gross margin? Your Answer: Answer Previous Page

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