John Black has surveyed a group of companies on their needs for computer keyboards and the prices the companies are willing to pay. Based on this survey, he has developed an idea for a fatigue reducing keyboard that can be reasonably priced at $500. John believes that this particular product should allow a profit of 25 percent of the product's cost.
Calculate John Black's target cost for his keyboard.

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The Answer of John Black has surveyed a group of companies on their needs for computer keyboards and the prices the companies are willing to pay. Based on this survey, he has developed an idea for a fatigue reducing keyboard that can be reasonably priced at $500. John believes that this particular product should allow a profit of 25 percent of the product's cost.
Calculate John Black's target cost for his keyboard.

John Black Has Surveyed a Group of Companies on Their