Gibb,IncHas Just Designed a New Product with a Target Cost

question 76

Multiple Choice

Gibb,Inc.has just designed a new product with a target cost of $54.Gibb requires new products to have a profit of 25%.What is the target price for the new product?

• A)$13.50
• B)$54.00
• C)$64.00
• D)$72.00

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Definitions:

Cardiology

A branch of medicine dealing with disorders of the heart as well as parts of the circulatory system.

Oncologist

A specialist who identifies tumors and treats patients who have cancer.

Pathologist

A medical doctor who diagnoses diseases by examining body tissues, blood, and other bodily fluids, often working in laboratories.

Surgeon

A physician who uses hands and medical instruments to diagnose and correct deformities and treat external and internal injuries or disease.