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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.)=$300 per year Price to buy one kayak at Lovelace=$605 Average # of kayaks sold per month last year=8 Wholesale price of kayaks=$260 per kayaks What would be Lovelace's breakeven number of kayaks? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Question 10 options: Answer/units
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