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Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a
Dashing&Smashing is a men's clothing retailer. Its best-selling Occasion Suit is purchased from a wholesaler that sets its price at a level that yields a 30% margin. The wholesaler buys the suit from a Canadian suit manufacturer whose selling price is $15. Dashing&Smashing sets its prices to achieve a 100% margin on its cost. A)What is the retail price of the Occasion Suit? The portion of its total annual fixed costs that Dashing&Smashing allocates to its Occasion Suit product is $100,000. B)If Dashing&Smashing wants to make an annual profit of $150,000 on this product, how many suits must it sell
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