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Apple Inc. is planning to introduce a new product line, and the company expects to sell 1,000 units in the first quarter. Calculate the following:

Apple Inc. is planning to introduce a new product line, and the company expects to sell 1,000 units in the first quarter. Calculate the following:

Item

Amount ($)

Total cost of production

$1,200,000

Projected revenue

$2,500,000

Gross profit margin

52%

Additional Requirements:

  1. Determine the net profit margin as a percentage of revenue.
  2. Calculate the contribution margin per unit.

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