The marketing department of Price Ltd believes that at a price of N\$35 it would sell 38 951 products. An investment of N\$3.1 million is required to finance production. The company requires a 13\% return on invested funds. Calculate the target cost per product. Select one: a. N\$18.69 b. N\$24.65 c. N\$13.66 d. N\$25.55
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1 million. Return on investment = 13% of N$3.1 million Return on investment = 0.13 * N$3.1 million Return on investment = N$403,000 Show more…
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