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Selling Price
The amount of money a buyer pays to purchase a product or service.
Target Cost
The maximum amount that can be spent on developing a product or service, while still earning the desired profit margin.
Selling Price
Selling Price is the amount of money a buyer pays to purchase a product or service, which could include considerations for costs, profit margins, and market demand.
Desired Profit
The target profit a company or an individual aims to achieve within a specific period.
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