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Exercise 1: Sharjah Book shop Company sells books. The average selling price for a book is 280 AED. The company Fixed costs of 100,000 AED
Exercise 1: Sharjah Book shop Company sells books. The average selling price for a book is 280 AED. The company Fixed costs of 100,000 AED per month and a variable cost of 120 AED per book. Sharjah Book shop Company submitted last week a loan application to Sharjah Islamic Bank. Questions: 1- How many Sharjah Book shop Company must sell each month to break even? 2- As a lending officer in Sharjah Islamic Bank, would you accept the loan if the acceptable breakeven point per month in the bookshop industry is 1,000 units
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