Martin Manufacturers produces 3 models of industrial hammers. Martin uses the target pricing approach. The company's objective is to achieve gross profit equal to 40% of selling price. Other data are shown below: What must the company do to achieve their profit goal? (Please round all amounts to the nearest cent.)

Question

Martin Manufacturers produces 3 models of industrial hammers. Martin uses the target pricing approach. The company's objective is to achieve gross profit equal to 40% of selling price. Other data are shown below:  What must the company do to achieve their profit goal? (Please round all amounts to the nearest cent.)

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The Answer of Martin Manufacturers produces 3 models of industrial hammers. Martin uses the target pricing approach. The company's objective is to achieve gross profit equal to 40% of selling price. Other data are shown below:  What must the company do to achieve their profit goal? (Please round all amounts to the nearest cent.)

Martin Manufacturers Produces 3 Models of Industrial Hammers