Business, 19.04.2021 15:30 shermoisllo3

Mesa Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its catalog, which it issues monthly. Given market research, Mesa believes that it can charge $30 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $31. By using cheaper materials and gaining efficiencies in mass production, Mesa believes it can reduce Slim Slicer's cost substantially. Mesa wishes to earn a return of 20% of the selling price. Required:
Compute the target cost for the Slim Slicer.

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Mesa Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell...

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