Mbi inc had sales of 1416 million for fy 2010 the companys

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MBI, Inc. had sales of $141.6 million for FY 2010. The company's gross profit ratio for that year was 31.6%Assume that a new product is developed and that it will cost $1,860 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for FY 2010.From a mgt viewpoint, what would you do with this information?

Reference no: EM13599056

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