Carwell Has Introduced a New Product with a Target Price

question 83

Multiple Choice

Carwell has introduced a new product with a target price of $150 and a target cost of $90. What is the target percentage margin on sales?

• A) 20%
• B) 33.3%
• C) 40%
• D) 50%

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Definitions:

Communication

The process of exchanging information, ideas, thoughts, and feelings between people through speaking, writing, or using some other medium.

Transferring Information

The act of conveying data, knowledge, or details from one entity or person to another.

Meaning

The significance, definition, or explanation of a word, phrase, concept, or symbol.

Formal Communication Network

A structured system of information exchange within an organization, following official channels and protocols.