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Calculate the maximum wholesale price that the Rogue Outdoor can afford in order to earn a 30% profit margin on the sale of its hiking
Calculate the maximum wholesale price that the Rogue Outdoor can afford in order to earn a 30% profit margin on the sale of its hiking shoes if:
$100 MSRP
Using the variable and fixed costs in the previous problem
(Note: the simple formula in the textbook fails to take into account the fixed costs per unit)
Previous Problem: Avg per unit variable cost per unit $50 (wholesale price for hiking shoes)
Total fixed cost assigned to hiking shoes: $36000
Avg per unit revenue of hiking shoes: $100
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