w shows what is correct and incorrect for the work you have completed so far f t

Question

w shows what is correct and incorrect for the work you have completed so far f the work you have done so far is correct, you may not have completed everything 10.00 points Sid's Skins makes a variety of covers for electronic organizers and portable music players The company's designers have discovered a market for a new clear plastic covering with college logos for a popular music player. Market research indicates that a cover like this would sell well in the market priced at $20.00. Sid's desires an operating profit of 25 percent of costs Required: What is the highest acceptable manufacturing cost for which Sid's would be willing to produce the cover? (Round your answer to 2 decimal places.) Highest acceptable manufacturing costs no 5 6 7 8 9

Explanation / Answer

Profit=sales-costs
Given profit=25%costs
0.25costs=sales-costs
costs=sales/1.25
=20/1.25=16

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