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Exchange, Inc. produced an innovative mop that was instantly in demand. The variable cost to produce each mop was $2. The total fixed costs for
Exchange, Inc. produced an innovative mop that was instantly in demand. The variable cost to produce each mop was $2. The total fixed costs for the company were $20,000. Assume the selling price per mop is $4. How many mops must the company sell to earn $20,000 in net income?
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