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Question 2 (4 points) Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some
Question 2 (4 points) 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.)=$900 per year Current price to buy one kayak at Lovelace=$690 Average # of kayaks sold per month last year=5 Wholesale price of kayaks=$410 per kayaks In August of last year Lovelace has a temporary price reduction on kayaks and sold 11 kayaks. What was the number (#) of subsidized kayaks for Lovelace in August? Your Answer: Answer units
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