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The company likes to maintain a target profit equal to 35

Question - A manufacturer is developing a new board game geared towards children. To be competitive with other board games, the company has set a target price of $25 for the game. The company likes to maintain a target profit equal to 35 percent of the product's cost.

Calculate the target cost of the product.

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Accounting Basics: The company likes to maintain a target profit equal to 35

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