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Mary Brown sells homemade knit scarves for $24 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees
Mary Brown sells homemade knit scarves for $24 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees cost Mary $1,200 per year. The craft shows are raising their entrance fees by 10% next year. How many extra scarves will Mary have to sell next year just to pay for rising entrance fee costs? Begin by identifying the general formula to compute the breakeven sales in units
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