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Quantitative modelling: A division of the Gibson Corporation manufactures bicycle pumps. Each pump sells for R9, and the variablecost of producing each unit is 8%

Quantitative modelling:

A division of the Gibson Corporation manufactures bicycle pumps. Each pump sells for R9, and the variablecost of producing each unit is 8% of the selling price. The monthly fixed cost incurred by the division isR50 000. How many pumps should they manufacture and sell to break even?

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