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5) A store sells novels at a selling price of $20 that they buy for $8. If the fixed cost for the store is $3,600,
5) A store sells novels at a selling price of $20 that they buy for $8. If the fixed cost for the store is $3,600, determine:
a) The number of novels needed to be sold to breakeven.
b) The profit the make if they sell 500 novels.
c) The number of novels that must be sold to make a profit of $1,200.
d) The selling price they must charge to breakeven if fixed costs increase to a total of $5,400 and they expect to sell 600 novels.
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