Question
anna coren a sole proprietor of a business that designs and sews outdoor clothing for dogs. each year she rents a booth at the regional
anna coren a sole proprietor of a business that designs and sews outdoor clothing for dogs. each year she rents a booth at the regional pet expo and sells only blankets. coren views the expo as primarily a marketing tool and is happy to breakeven that is cover her booth rental. for the last 3 years she has sold exactly enough blankets to cover 750$ booth rental fee. this year she decided to make all blankets for the expo out of high tech waterproof/ breathable material that is more expensive to produce but she believes that she can sell for a higher profit margin. information on the two types of blanket is as follows
per unit last year
basic blanket sale price $25 variable cost $2
this year
new blanket sale price $40 variable cost $33
assuming that coren remains most interested in covering the booth cost which is increased to 840. how many more or fewer blankets new style does she need to sell to cover the booth cost?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started