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Footjoy currently sells 20,000 shoes per month for $50 each. The variable cost per shoe is $20, and fixed costs are 300,000. Footjoy is considering
Footjoy currently sells 20,000 shoes per month for $50 each. The variable cost per shoe is $20, and fixed costs are 300,000. Footjoy is considering increasing the price of its shoe to $60 each. If the price is changed, how many shoes will Footjoy need to sell for profit to remain the same as before the price change?
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