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.)=$1,000 per year Price to buy one kayak at Lovelace=$665 Average # of kayaks sold per month last year=5 Wholesale price of kayaks=$405 per kayaks What would be Lovelace's breakeven price per kayak given the number of kayaks that they sold ? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Question 2 options: Answer/units
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