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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.)=$400 per year Price to buy one kayak at Lovelace=$660 Average # of kayaks sold per month last year=6 Wholesale price of kayaks=$395 per kayaks What was average total cost for each kayak for the year? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Question 1 options: Answer/units
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