=1/A detailed Excel version of the solutions is available at www.vernimmen.com.

A BCD Sales 100 100 100 100 Contribution 35 45 64 70 Contribution in % of sales 35% 45% 64% 7%

Breakeven point before financial expense1 77 82 84 87 Sales/breakeven 129.6% 121.6% 118.5% 114.8%

Breakeven point after financial expense 83 96 87 96 Sales/breakeven 120.7% 104.7% 115.3% 104.5%

1 Total fixed costs = fixed operating costs + depreciation and amortisation