Question
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to their sales. Fixed costs for selling kayaks (storage, staff, etc.)=$700 per year Current price to buy one kayak at Lovelace=$695 Average # of kayaks sold per month last year=4 Wholesale price of kayaks=$345 per kayaks In August of last year Lovelace has a temporary price reduction on kayaks and sold 15 kayaks. What was the number (#) of subsidized kayaks for Lovelace in August? Your Answer: Question 6 options: Answer/units
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