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Pinches Ltd makes a cooking oil which sells for 20$ a bottle. Variable cost are 12$ a bottle. The business is working at full capacity.
Pinches Ltd makes a cooking oil which sells for 20$ a bottle. Variable cost are 12$ a bottle. The business is working at full capacity. What is the minimum price at which this product could be sold without making a loss for an order of 12000 bottles? To fulfil this, additional order the company would incur additional fixed costs of $50000 and variable cost of $70000
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