Business, 14.06.2021 18:40 Suhayb981

Barry Boots Inc. is considering adding a new line of boots. Based on preliminary market research, management has decided that each pair of boots should be priced at $300. Furthermore, management believes that the profit margin should be 30 percent of sales revenue. What is the target cost?
a. $150.75
b. $225.50
c. $260.00
d. $157.50

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