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Katie Walker sells homemade knit scarves for $20 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees
Katie Walker sells homemade knit scarves for $20 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees cost Katie $500 per year. The craft shows are raising their entrance fees by 10% next year. How many extra scarves will Katie have to sell next year just to pay for rising entrance fee costs
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