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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:
- Determine the net profit margin as a percentage of revenue.
- Calculate the contribution margin per unit.
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