Austin Boots Inc. is considering the production of a new line of boots. Based on preliminary market research, management has decided that each pair of boots should be priced at $300. Furthermore, management believes that the profit margin should be 30 percent of sales revenue.
What is the target cost?
A) $210.00
B) $225.50
C) $260.00
D) $157.50
Correct Answer:
Verified
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