[The Following Information Applies to the Questions Displayed Below

question 66

Multiple Choice

[The following information applies to the questions displayed below.]
Summit Products,Inc.is interested in producing and selling an improved widget.Market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price.The current cost to produce the widget is estimated to be $65.
-If Summit Products requires a 25% return on sales to undertake production,what is the target cost for the new widget?

• A)$65.00
• B)$67.50
• C)$80.00
• D)$81.25

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Definitions:

Reaction

A sequence where substances engage and yield new entities with unique properties.

1,4-Addition

A reaction mechanism where an electrophile adds to the 1st and 4th positions of a conjugated diene, providing a product with substituents at those positions.

Major Product

The predominant product formed in a chemical reaction, often due to its favorable kinetics or thermodynamics.

Diene

Organic compounds containing two double bonds, often involved in polymerization reactions and serving as key intermediates in organic synthesis.