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Question: Suppose Nike, Inc., has developed a new shoe that can be sold for $169 a pair. Management requires a profit equal to 55 percent of the selling price. Determine the target cost of this product. Answer to nearest whole dollar without any commas or decimal points eg. 1000 not 1,000.00 Enter a negative number as -10 not (10).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92571879

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