Jetz, Inc. manufactures water bottles for children. Similar water bottles are available in the market for $8.00. Jetz desires a 24% net profit margin. Jetz's target cost is ________. (Round your answer to the nearest cent.)
A) $6.08
B) $9.92
C) $8.00
D) $1.92
A .A)
Target price $8.00
Less: Profit margin ($8 x 0.24%) 1.92
Target Cost $6.08
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