3. A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy at retail price.

a) How many books must be sold to break even?

b) If the fixed costs increased by 5%, how many books must be sold to break even?

c) If the books are sold to a wholesale discount retailer and the new price per book is $20.00, how many books must be sold to break even?

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