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10 Pinches Lfd makes cooking oil which sells at 20 a bottle. Variable costs are E12 a bottle. The business is working at full capacity.

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10 Pinches Lfd makes cooking oil which sells at 20 a bottle. Variable costs are E12 a bottle. The business is working at full capacity. What is the minimum price at which this product could be sold without making a loss for an order of 12,000 bottles? To fulfil this additional order, the company would incur additional fixed costs of 50,000 and variable costs of 70,000. You may assume a linear relationship between costs and selling price. Select one answer. 120,000 240,000 96,000 216,000

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