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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?

 

Accounting Basics, Accounting

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  • Reference No.:- M970488

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