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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice president believes that a basic unit in a variety of attractive colors could
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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice president believes that a basic unit in a variety of attractive colors could be sold for $70. Shear-it requires that all new products yield 30% profit. What is the target cost of the new shredder?

User Barry NL
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6 votes

Answer:

$49

Step-by-step explanation:

Desired Profit = 0.3 x $70 =&21

Target cost = $70 - $21 = $49

User Tony Van Der Peet
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