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Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site construction is estimated to be $167,000. Variable processing costs are estimated to be $6.95 per book. Use Goal Seek to determine the access price per copy (in dollars) that the publisher must charge to earn a profit of $50,000 with a demand of 38,000 copies. (Round your answer to the nearest cent.)
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