Radar Inc. has developed a new and improved widget. The company plans to sell the product through an existing Web site. Radar's marketing department believes the product will sell for $49.5. Radar's goal is a 42 percent profit margin on the widget.
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Requirement 1:
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If current prototypes cost $24.61 to produce, will Radar meet its profit goal?
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Requirement 2:
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Calculate the target cost necessary for Radar to earn 42 percent profit.
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