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Ingrid is planning to expand her business by taking on a new lroduct that costs $5.91. In order to market this new product, $1354.00 must
Ingrid is planning to expand her business by taking on a new lroduct that costs $5.91. In order to market this new product, $1354.00 must be spent on advertising. The suggested retail price for the product is $12.65. Answer each of the following questions.
a) If a price is $14.18 is chosen, the number of units she needs to sell to break even is? Round up to the nearest whole number
b) If advertising is increased to $1518.00 and the price is kept at $12.65, the number of units she needs to break even is?
I got 9 units for both. Please check my answers and provide a detailed solution (on paper preferably).
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