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AMJ Inc. is currently selling two apps on the Apple app store. The lite version sells for $1 and the premium version sells for $3.
AMJ Inc. is currently selling two apps on the Apple app store. The lite version sells for $1 and the premium version sells for $3. The app store commission is 30% of sales and the total fixed costs to host the server, pay part time support staff salaries, rent, and other admin costs amount to $76,000 annually AMJ Inc. is in the 25% tax bracket and this year, investors want to make an after tax profit (net income) of $210,000 since they aren't taking any other salary from the business Based on market research, AMJ estimates that it will be able to sell 5 lite apps for every 2 premium apps sold. Thus the sales mix is expected to be 5:2 How many apps in total will have to be sold to achieve the target income
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