Calculate the target price to earn markup on skateboards

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Reference no: EM132094696

Question: Calculate the target price to earn a 10% markup on skateboards. How much would the manufacturer have to charge the retailer using the following information?

Price customers willing to pay: $20-25

Markup required by retailer: 10%

Variable costs: $12 per blank board

Fixed costs: $500,000

Profit required by manufacturer: 20%

Reference no: EM132094696

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