Teller Company has designed a caller ID machine with a large screen that can be seen easily from across the room. The Sales Department believes that this product can be sold for $30 each. Teller requires that all new products yield 15% profit. What is the target cost of the new product?
A) $25.50
B) $4.50
C) $30
D) $26
E) $28.50
A
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