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Holly Inc. sells a single product for $230. Variable costs include $115 for each unit plus a 8% sales commission. Fixed costs are $205,800 per
Holly Inc. sells a single product for $230. Variable costs include $115 for each unit plus a 8% sales commission. Fixed costs are $205,800 per month. a. What is the contribution margin percentage? (Round final answer to 2 decimal places.)
b. What is the breakeven sales revenue? (Round final answer to the nearest whole dollars.)
c. What sales revenue is needed to achieve a $276,000 per month profit? (Round final answer to the nearest whole dollars.)
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