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A manager is presently selling a product for $25 per unit and is selling 200 units of the product. This product has variable costs of
A manager is presently selling a product for $25 per unit and is selling 200 units of the product. This product has variable costs of $10. She is planning to drop the price by 5%. If she does that, the volume would have to increase by what percent to offset the price reduction? 1) 7.69% 2) 8.33% 3) 9.09% 4) 10%
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