Last year, a manufacturer selling a product at $145 per unit had a net income of $82,500.
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Last year, a manufacturer selling a product at $145 per unit had a net income of $82,500. The unit variable costs to produce the item are $90 per unit and their annual fixed costs are $165,000. This year, the fixed costs decreased by 10% and the variable costs decreased by 5%. If the same number of units as last year is produced and sold, what new selling price will result in the same profit as last year?
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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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