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Question
A custom tailor wishes to use target profit pricing to establish a price for a custom-designed business suit. Assume variable cost is $200 per suit, fixed cost is $44,000, and the target profit is $50,000 based on a volume of 50 suits. What price should be charged for a typical custom suit?
A. $520
B. $1,040
C. $1,880
D. $2,080
E. $10,000
Answer
This answer is hidden. It contains 122 characters.
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