What is the target price per unit


Abrams Corporation sells a product for $75 per unit. Its market share is 20 percent. The market share can be increased to 30 percent with a reduction in price to $63. The product is currently earning a profit of $12 per unit. The president of Abrams feels that the $12 profit per unit must be maintained. What is the target price per unit?

 

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Accounting Basics: What is the target price per unit
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