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Jemima's Casuals sells high-class ladies outfits. It has an outlet in Dixie Value Mall. Its marketing policy is to sell every outfit for a fixed
Jemima's Casuals sells high-class ladies outfits. It has an outlet in Dixie Value Mall. Its marketing policy is to sell every outfit for a fixed price of $75. The normal mark-up is 50% of cost, so selling price is 150% of cost. The fixed costs consist of rent, salaries, etc. and are $5,000 per month. The break-even point in number of outfits per month is a) 33.33 b) 66.67 C) 100 d) 200 e) none of the above
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