The Wingo Corporation estimates that it can successfully market a new water toy at a price of $40 per unit. Its analysis also indicates an estimated actual cost to produce the new toy of $36 per unit. At this point, a cost gap of $8 exists. What rate of profit does Wingo require for this product?

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The Answer of The Wingo Corporation estimates that it can successfully market a new water toy at a price of $40 per unit. Its analysis also indicates an estimated actual cost to produce the new toy of $36 per unit. At this point, a cost gap of $8 exists. What rate of profit does Wingo require for this product?

The Wingo Corporation Estimates That It Can Successfully Market a New