Question
In this exercise, your task is to work out the sales price that customers must be charged so that the company makes a $1000 profit.
In this exercise, your task is to work out the sales price that customers must be charged so that the company makes a $1000 profit. You will need to create an Income and Expenditure Budget to do this Exercise Instructions You are planning the launch of the new Mac and you hope to make a $1,000 profit out of it. The expected number of sales is 300 units. The research and activities of the marketing department will cost $1,000 this year. Other expected costs include: Advertising $1,000, promotions $500, Magazines $200, Websites $100, Service $200, and Outsourced marketing will cost $200. What you must find out! How much will you need to charge per unit of sale to make the target $1,000 profit if you have 300 units sold?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started