Hong Long Ltd has a product that is sold for 75, variable costs are 30 and fixed

Question:

Hong Long Ltd has a product that is sold for £75, variable costs are £30 and fixed costs are £1,000 per month. Calculate how many products need to be sold to obtain a profit of £10,000 per annum.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: