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Due to the local weather conditions, deicing products have been in high demand. Last year, the local True Value hardware store in Coraopolis sold 423
Due to the local weather conditions, deicing products have been in high demand. Last year, the local True Value hardware store in Coraopolis sold 423 20-lb. bags of Prestone Concentrated Driveway Heat Ice Melter Pellets at $12.99. It cost the store $7.85 per bag. Due to the high demand this year, the store has raised its selling price 15.4%. Its cost remains the same as last year.
If the hardware stores minimum profit objective for the Prestone product is $4,000, what must sales ($) be to cover the profit objective under the new pricing?
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