(Answered) Question - leo corporation sells a product for 500 per unit

Accounting

Question - Leo Corporation sells a product for $500 per unit. Its market share is 20 percent. The marketing manager believes that the market share can be increased to 30 percent with a reduction in price to $475. The product is currently earning a profit of $70 per unit. The president of Leo Corporation believes that the $70 profit per unit must be maintained.

Calculate the target cost per unit.

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