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4. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling price
4. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling price will result in a 20% increase in the number of lanterns sold each month. How many lanterns would have to be sold at the new selling price to yield a minimum net operating income of $72,300 per month? (Do not round intermediate calculations.) Unit sales to attain target profit
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