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Griffin buys and sells ladies' handbags. The average selling price is $560 per bag. Average variable costs (purchase price of bags plus freight costs and
Griffin buys and sells ladies' handbags. The average selling price is $560 per bag. Average variable costs (purchase price of bags plus freight costs and selling expenses) amounts to $180 per bag. Griffin's fixed costs equal $1,744,000 per year.
Do not enter dollar signs or commas in the input boxes.
Round all answers up to the nearest whole unit.
Calculate the number of units needed to:
Break-even:Answer
Earn $251,000 income:Answer
Earn income equal to 24% of total sales:Answer
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