Question
I am going to open my own Sports Jersey store. I will be selling Sports Jerseys for $99 each. My variable costs are $34. Show
I am going to open my own Sports Jersey store. I will be selling Sports Jerseys for $99 each. My variable costs are $34. Show all work not just answer: 1) What is my Contribution Margin per Unit?
2) What is the Contribution Margin Ratio (%)?
3) If I sell 1,000 Jerseys in my first month of business, what is my Contribution Margin in dollars?
4) If my total fixed costs for the month are $25,000. What is my profit for the month if I sell 1,000 jerseys?
5) If my fixed costs for the month are $25,000 what is my Break Even Point in Units?
6) If I wanted to make $100,000 each month, how many units will I need to sell each month?
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