Economics · Management Accounting
A company has determined that the competitive market price for its new product will be $450. The company requires a 20% profit margin on the selling price. What is the target cost for the product?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$540
- 2$90
- 3$400
- 4$360✓
Correct answer
$360
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Management Accounting MCQs →Want more practice questions on Management Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Management Accounting