Timberland Boot Company has the following information concerning its work-boots: 
a. What is the total cost per pair of work boots?
b. What is the ROI per pair of work boots?
c. What is the markup percentage per pair of work boots?
d. What is the selling price per pair of work boots assuming Timberland uses a cost-plus pricing model?
e. If the current market price per pair of work boots is $70, what is the target cost for Timberland Boot Company?
Correct Answer:
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b. ROI per pair of work boots = (In...
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