Question 1161904
<br>
If he wants the profit to be at least twice the cost of production, then the selling price needs to be at least three times the cost of production.<br>
To ensure that level of profit, you need to assume the upper end of the range of the cost of production.<br>
So the minimum cost to assure a profit of twice the cost of production is three times 40 cents, or $1.20.<br>