Classify Company has a product that its sales department believes can be sold for $40 each. The company requires that all new products yield 20% profit. What is the target cost of the new product?
A) $4.00
B) $25.50
C) $26.00
D) $32.00

Question

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The Answer of Classify Company has a product that its sales department believes can be sold for $40 each. The company requires that all new products yield 20% profit. What is the target cost of the new product?
A) $4.00
B) $25.50
C) $26.00
D) $32.00

Classify Company Has a Product That Its Sales Department Believes