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Howe Hinges Co manufactures and sells a single product. This product has the following operational data: Unit sales price $30 Variable cost per unit 18

Howe Hinges Co manufactures and sells a single product. This product has the following operational data:

Unit sales price $30

Variable cost per unit 18

Fixed costs 111,000

Income tax rate 30%

At a current level of $300,000 in sales, by what percent could sales fall before the company starts losing money?

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