Exercise 22-1 lim Slicer. The company plans to sell this slicer through its Mesa

Question

Exercise 22-1 lim Slicer. The company plans to sell this slicer through its Mesa Cheese Company has developed a new cheese slicer called S catalog, which it issues monthly. Given market research, Mesa believes that it can charge $24 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $27. By using cheaper materials and gaining efficiencies in mass production, Mesa believes it can reduce sim Slicer's cost substantially. Mesa wishes to earn a return of 41% of the selling price. Compute the target cost for the Slim Slicer. (Round answer to 2 decimal places, e.g. 10.50.) Target cost LINK TO TEXT

Explanation / Answer

Calculate Target cost :

Target selling price 24 Less: Mark up (24*41%) (9.84) Target cost 14.16

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