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FitEase jump ropes used 60 months of historical data to arrive at a total cost estimating equation for its Skipper Plus product. This equation is:
FitEase jump ropes used 60 months of historical data to arrive at a total cost estimating equation for its Skipper Plus product. This equation is: . . Total Cost = $4,000 + $175 # of batches + $3.53 # of ropes sold For December FitEase plans to sell 2,500 ropes which will be manufactured in 20 batches. The retail price for a "Skipper Plus" is estimated to be $11.8 per unit. Based on the cost equation and FitEase's December estimates what is the expected profit per unit for the Skipper Plus product? Round your solution to the nearest 30.01
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