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Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 34.00 Total fixed cost per month 1,500.00 Variable
Heather Hudson makes stuffed teddy bears. Recent information for her business follows:
Selling price per bear | $ | 34.00 |
Total fixed cost per month | 1,500.00 | |
Variable cost per bear | 22.00 | |
She sells 380 bears this month. Suppose sales increase by 10 percent next month. Calculate the effect that increase will have on her profit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 1 decimal place. (i.e. .123 should be entered as 12.3%))
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