A company that produces hard-drives has fixed costs of $85,000. The variable costs are 75% of the
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A company that produces hard-drives has fixed costs of $85,000. The variable costs are 75% of the sales. The company makes a profit of $30,000. If its variable costs increase by 5% and fixed costs increase by $15,000, by what percent should the company increase the selling price to earn the same profit of $30,000? Assume that there is no increase in the volume of units sold.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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