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Parker & Associates, LLC has budgeted the following amounts for its next fiscalyear: Total fixed expenses $965,000 Selling price per unit $50 Variable expenses per
Parker & Associates, LLC has budgeted the following amounts for its next fiscalyear:
Total fixed expenses $965,000
Selling price per unit $50
Variable expenses per unit $25
If fixed expenses increase by 10%, the selling price per unit would need to increase by what percentagein order to maintain the original break-even sales in units (round to the nearest tenth of a percent)?
Round percentage to one decimal place (ex: 0.03456 = 3.5%).
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